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.
Budget shortfall narrows in July, This news data comes from:http://705-888.com
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.
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.
- PTFOMS and CHR sign agreement to improve Filipino media workers' safety
- Cambodia MPs pass law allowing stripping of citizenship
- 9 dead in Ecuador after bus plunges into ravine
- Transport chief pushes shame campaign vs errant motorists
- US appeals court finds Trump's global tariffs illegal
- Thailand set for vote on new PM after dissolution bid rejected
- Chinese research vessel spotted near Philippine coast but 'goes dark' after, says maritime expert
- Senate subpoenas 8 DPWH officials, contractors in flood control probe
- Comelec at 85: Garcia vows reforms to strengthen faith in democracy
- 'Ondoy'-level rains swamp Quezon City
