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://uxp-vfkt-tpsx-sce.yamato-syokunin.com
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.
- Philippines calls for Gaza ceasefire amid humanitarian crisis
- Head of main US health agency abruptly dismissed
- Xi and Putin reaffirm 'old friend' ties in the face of US challenges
- Comelec en banc upholds cancelation of Duterte Youth Party-List registration
- Pope Leo: We must listen first before speaking
- Palace slams Discaya couple's denial in Film Heritage Building debacle
- Peru’s ex-president Toledo gets a second sentence in the Odebrecht corruption scandal
- House committee subpoenas Sarah Discaya, 4 other contractors over flood control project anomalies
- Most Filipinos distrust China, see it as biggest threat — OCTA survey
- Supreme Court: It’s work as usual in judiciary
