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
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://gangzhifhm.com
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.
- Palace hits Discayas over ‘misinformation’ on PH film center project
- Gasoline, diesel prices to increase again next week
- Diokno urges Philippines to rejoin ICC to counter China's aggression
- Lacson seeks probe of 2 PH contractors' board members for conflict of interest
- Go files housing development bill
- Remulla pledges transparency and impartiality as Ombudsman
- Lacson lauds Leviste for arrest of DPWH engineer who offered P360M bribe
- Lacson to give Dizon 'damning' proof vs DPWH 'rotten fruits'
- LGBTQ+ Catholics make Holy Year pilgrimage to Rome and celebrate a new sense of acceptance
- Two dead as strong earthquake jolts Afghanistan
