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.
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., This news data comes from:http://ntdj-udop-prji-hngn.erlvyiwan.com
Budget shortfall narrows in July
- Xi meets Modi as China and India seek to rebuild ties
- 'Perfect storm': UK fishermen reel from octopus invasion
- Australia to tackle deepfake nudes, online stalking
- Taiwan: China illegally deploying oil rigs in its waters
- Pangilinan urges Marcos Jr. to prioritize bill aiding farmers, fishermen
- Quezon City hails directive for national projects to get local permits
- Floods kill over 30 in Indian-controlled Kashmir, displace 150,000 in east Pakistan
- Roxas matriarch, 91
- National Guard troops begin carrying weapons in US capital
- ICC clears applications of 15 drug war victims to join proceedings vs Duterte
