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., This news data comes from:http://trcv-yiq-gjj-hi.yamato-syokunin.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.
Budget shortfall narrows in July
- South Korean prosecutors indict Yoon's wife, former PM
- Marcos signs laws declaring holidays across PH
- Ukraine offers to co-produce drones with Philippines for maritime patrols
- Fears of new political crisis grip France
- Washington makes military aid overtures to Sahel juntas
- 40% of Filipinos are now obese, says Health expert
- DILG to roll out nationwide unified 911 hotline on Sept. 11
- Lacson: DPWH exec sought ‘insertions’
- Globe partners with unconnected.org to provide remote schools with sustainable internet connectivity
- ICC clears applications of 15 drug war victims to join proceedings vs Duterte
