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://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.
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.
- Cooperatives group lauds Konektadong Pinoy Law as milestone in digital inclusion
- Customs recovers 10 more Discaya luxury cars
- Marcos signs laws creating more court branches
- China displays its weaponry in a tightly controlled military parade
- Maduro calls for dialogue hours after Trump’s threat
- 2 Marikina policemen accused of molestation
- Harold Cabreros takes post as new OCD chief
- A suicide bombing near a political rally in southwestern Pakistan kills 13 and wounds 30
- DPWH exec fired, 2 others face dismissal over flood control mess
- CFO moves office from QC to Pasay
