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.
Budget shortfall narrows in July
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://ga-rkr-yu-ok.gangzhifhm.com
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 upholds cancelation of Duterte Youth registration
- Maduro calls for dialogue hours after Trump’s threat
- Malabon City honors partners
- Trump to blacklist countries for imprisoning Americans
- Cusi charged over Malampaya deal
- ERC amends net-metering rules to expand renewable energy options
- DSWD program reduced hunger
- Pagasa: Trough of LPA, 'habagat' will bring rain, thunderstorms across PH
- Catholic, Greek Orthodox clergy to stay in Gaza City to help weakest
- Lawmaker questions 340% NTF-ELCAC budget increase
