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., This news data comes from:http://xj-dl-wyw-qsjm.771bg.com
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.
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.
- Hontiveros pushes P15,000 salary hike for teachers
- Harold Cabreros takes post as new OCD chief
- Taiwan: China illegally deploying oil rigs in its waters
- India warns Pakistan of more cross-border flooding due to heavy monsoon rains
- Woman accused of murdering her children faces New Zealand trial
- Former DPWH chief denies links to corruption
- DILG to roll out nationwide unified 911 hotline on Sept. 11
- House party leaders want to return proposed 2026 budget to Executive
- Palace hits Discayas over ‘misinformation’ on PH film center project
- Red Cross head says mass evacuation of Gaza City 'impossible'
