MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday.
Budget shortfall narrows in July
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.
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., This news data comes from:http://www.yamato-syokunin.com
- IBP to form good governance panel
- Venezuela deploys warships, drones as US destroyers draw near
- A suicide bombing near a political rally in southwestern Pakistan kills 13 and wounds 30
- LTO told to summon 2 DPWH engineers with fake driver’s license
- Gloria Arroyo files bill to empower Office of the Vice President
- Students, faculty file complaint against Universidad de Manila president
- First millennial saint: Vatican to canonize 'God's Influencer' Carlo Acutis
- Bishops demand broad probe into flood project corruption
- Metro Manila, rest of Luzon would be rainy due to ‘habagat’ —Pagasa
- Quezon City launches 'Healthy QC' ordinance to combat childhood obesity
