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://cdk-kgwv-jauc-hhnx.705-888.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.
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.
- May 12 poll results accurate, credible - OCTA Research
- Marcos urged to raise WPS resolution at UN
- India to probe giant zoo run by son of Asia's richest person
- CFO office moves from Quezon City to Pasay
- 2 Marikina policemen accused of molestation
- Drug war whistleblower Royina Garma returns to PH after US detention
- Legarda pushes Magna Carta of Waste Workers
- Discayas to file raps vs protesters, will attend Senate hearing — lawyer
- PH Construction Board asked to address 'accreditation for sale' scandal
- Lacson replaces Marcoleta as Blue Ribbon panel chairman
