MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday.
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.
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., This news data comes from:http://ycyzqzxyh.com
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.
- Government work, classes on Tuesday suspended due to bad weather
- Make a difference, write your own future, youth urged
- US halts 80% complete, huge offshore wind farm
- PH eyes global partners in biggest railway project
- Trump frustrated after thinking he made headway on Russia-Ukraine talks only to see Putin balk
- LPA east of Surigao del Sur may intensify into tropical depression
- Budget shortfall narrows in July
- P1.7-M shabu seized in Taguig buy-bust
- Mayor Sotto slams Discayas, cites lies, ghost firms, and kickback allegations
- SpaceX scrubs latest Starship launch due to bad weather
