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
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., This news data comes from:http://vond-qq-jhyj-ghi.705-888.com
Budget shortfall narrows in July
- Pope Leo XIV to Israeli president: 2-state solution needed to end Gaza war
- Thailand's suspended prime minister testifies over phone call that could get her booted from job
- Famed streetcar in Lisbon, Portugal, derails and crashes, killing 15 people
- Putin vows not to back down in Ukraine
- CFO office moves from Quezon City to Pasay
- Zelenskyy meets European leaders on Ukraine security guarantees
- Philippine experts urge harm reduction strategy for tobacco control
- Preliminary report on Lisbon funicular accident expected
- PH doesn't recognize Taiwan as sovereign state, stands by 'One China Policy' -- Foreign Affairs chief
- Israel warns Hamas to surrender or face 'annihilation'
