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., This news data comes from:http://pcxgjin.yamato-syokunin.com
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
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.
- Protesters storm Discaya compound for second straight day
- House resumes budget briefings
- Malacañang hits back at VP Duterte's criticism on flood scam probe
- Bureau of Customs seeks missing luxury cars of contractor Sarah Discaya
- 11 foreigners killed in Portugal funicular crash
- Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam
- Alex Eala makes history With comeback victory at US Open
- Fuel prices up for 3rd straight week
- Lacson: DPWH exec sought ‘insertions’
- Court rules on subdivision open spaces, road lots
