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., This news data comes from:http://771bg.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.
Budget shortfall narrows in July
- Australia to tackle deepfake nudes, online stalking
- DOH unveils 7 priority measures at House hearing
- House resumes budget briefings
- Customs officials, employees who aided Discayas will not be spared — Customs chief
- IBP to form good governance panel
- Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam
- Thai Court: PM Shinawatra violated ethics rules
- Maryland resident is diagnosed with New World screwworm. What to know about the parasite
- Putin and Modi in China for summit hosted by Xi
- Vietnam marks 80th independence anniversary with huge parade
