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.
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., This news data comes from:http://iek.gyglfs.com
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.
Budget shortfall narrows in July
- Xi and Putin's hot mic moment: How long will science extend the human life span?
- ‘Gomez ignorant of how media works’
- DILG to roll out nationwide unified 911 hotline on Sept. 11
- Marcos wants subpoena power for body investigating flood projects
- 2 Marikina policemen accused of molestation
- Drug war victims ready to face Duterte as ICC sets hearing on crimes against humanity
- Duterte party's acting chairman charged at Sandiganbayan over Malampaya project
- Canada removing tariffs on US goods compliant with free trade deal
- US appeals court finds Trump's global tariffs illegal
- Lawmaker linked to anomalous flood control projects in US for medical reasons, says House spokesman
