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., This news data comes from:http://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.
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.
- Modi and Putin affirm special relationship as India faces steep US tariffs over Russian oil imports
- Gomez-Estoesta named court administrator by Supreme Court
- 2 LPAs monitored inside PAR, bringing rain to Luzon
- PH doesn't recognize Taiwan as sovereign state, stands by 'One China Policy' -- Foreign Affairs chief
- Supreme Court urged to act on fake complaints
- Floods kill over 30 in Indian-controlled Kashmir, displace 150,000 in east Pakistan
- A summit and parade in China may signal a geopolitical shift
- France seized by fears of new political crisis
- DILG suspends classes, gov’t work in 17 areas
- India walks back order to clear Delhi of stray dogs
