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.
Budget shortfall narrows in July
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.
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.jyxingfa.com
- Comelec delays implementation of decision disqualifying Duterte Youth Party-List
- Bonoan resigned due to command responsibility — Marcos
- 175th birth anniversary of Marcelo H. Del Pilar commemorated in Manila
- PTFOMS and CHR sign agreement to improve Filipino media workers' safety
- Wife of Australian man wanted in police killings urges him to surrender
- 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
- VP Sara lauds Filipino heroes
- Recto: No exemption for US tech firms from digital tax
- Sara mum, but brother thinks Torre removal due to PNP's 'internal conflicts'
- Angkas supports DICT's amnesty program for unregistered delivery services
