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.
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.
Budget shortfall narrows in July
- Filipino fulfills dream of performing with K-pop group before home fans
- Israeli forces seize nearly 0,000 in West Bank raid
- Marcos orders 'sweeping review' of DPWH budget under 2026 NEP
- DILG to roll out nationwide unified 911 hotline on Sept. 11
- Thailand set for vote on new PM after dissolution bid rejected
- Metro Manila, rest of Luzon would be rainy due to ‘habagat’ —Pagasa
- Yemen's Huthis hold funeral for PM killed in Israeli strike
- 2 LPAs monitored inside PAR, bringing rain to Luzon
- Duterte defense files more motions challenging ICC prosecutor
- Gasoline, diesel prices to increase by P1 next week
