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.
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://www.jyxingfa.com
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.
- Former Bulacan district engineer admits going to casinos
- Customs finds only 2 luxury cars at contractor's compound in Pasig
- DMW: 19 distressed OFWs return home from Jeddah
- Van Gogh Museum 'could close' without more help from Dutch govt
- India to cut taxes on hundreds of consumer goods to boost local demand following steep US tariffs
- LPA over West PH Sea develops into tropical depression, now called ‘Jacinto’ -- Pagasa
- Sara says govt corruption probe a 'zarzuela,' plans to meet Robredo im Bicol festival
- 2 Marikina policemen accused of molestation
- Pagasa monitors 2 LPAs inside PAR; prevailing 'habagat' brings rain across PH
- EU massive fine against Google draws Trump’s ire
