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.
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., This news data comes from:http://www.052298.com
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.
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.
- Strikes across Gaza Strip kill at least 31 as international scholars accuse Israel of genocide
- Trump hails Department of War rebrand as 'message of victory'
- ICC clears applications of 15 drug war victims to join proceedings vs Duterte
- Plea written in blood saves Chinese woman trapped in locked room
- Pope Leo meets LGBTQ+ Catholic advocate and vows continuity with Pope Francis' legacy of welcome
- LPA trough, 'habagat' to bring rains in parts of Luzon, including Metro Manila
- Pangilinan pushes coordinated water management
- 9 dead in Ecuador after bus plunges into ravine
- Lacson clears air over conflict with Marcoleta on flood control probe
- A suicide bombing near a political rally in southwestern Pakistan kills 13 and wounds 30
