MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday.
Budget shortfall narrows in July
The P18.9-billion deficit — from revenues of P472.3 billion and expenditures of P491.2 billion — markedly declined from June’s P241.6-billion deficit and July 2024’s P28.8-billion shortfall., This news data comes from:http://052298.com
Year to date, the budget balance remained in deficit at P784.4 billion, higher than the P642.8 billion seen in the same period last year.
July revenues were up 3.26 percent from last year's P457.4billion. Taxes accounted for almost all of the month’s revenues at P423.0 billion.
Budget shortfall narrows in July
To date, revenues and expenditures were 4.82 percent and 8.22 percent higher than P2.61 trillion and P3.25 trillion, respectively, recorded from January to July last year.
- Comelec to resume BARMM polls ballot printing Thursday
- US senators to reinforce 'partnership' with Taiwan
- Pangilinan pushes coordinated water management
- North Korea test-fires two 'new' air defense missiles
- Israel city honors Quezon’s wartime rescue of Jews
- Comelec at 85: Garcia vows reforms
- Escudero subpoenaes 10 DPWH contractors for Senate probe next week
- New mining law to balance profit, ecology
- Comelec defers reconstitution of BARMM parliamentary districts
- Searchers retrieve bodies as Afghan quake toll seen to rise
