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.
Budget shortfall narrows in July, This news data comes from:http://tjehvjcw.xs888999.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.
- Wife of Australian man wanted in police killings urges him to surrender
- National Guard troops begin carrying weapons in US capital
- Pope Leo meets LGBTQ+ Catholic advocate and vows continuity with Pope Francis' legacy of welcome
- Discaya’s construction companies competed against each other during biddings
- Trump says he'll keep extending TikTok shutdown deadline
- No Filipino fatalities in New York Tour-Bus crash, says DFA
- Protesters storm Discaya compound, Sotto calls for calm
- AFP: It would take more than a tugboat to tow BRP Sierra Madre from Ayungin Shoal
- Marcos names acting Ombudsman
- Israeli army: Gaza City now 'a dangerous combat zone'
