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.
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., This news data comes from:http://itbi-fml-dorc-ngc.aichuwei.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.
- Police officers face more charges in missing cockfight enthusiasts case
- San Juan commemorates first revolution under Spanish rule in 129th Araw ng Pinaglabanan
- UK police arrest hundreds in latest Palestine Action demo
- 'Blood Moon' to rise during total lunar eclipse Sunday night
- Dizon asks DOJ to issue immigration lookout bulletin to 26 DPWH officials and contractors
- Japan accelerates missile deployment amid rising regional tensions
- 'Large shark' kills man off Sydney beach
- House justice panel to probe US' extradition request for Quiboloy
- AI, thinner iPhones likely stars of Apple 'Awe Dropping' event
- LTO told to summon 2 DPWH engineers with fake driver’s license
