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.
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., This news data comes from:http://erlvyiwan.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.
- Major road closures in Manila announced for 2025 Bar Examinations
- House bill seeks to regulate AI use
- Maryland resident is diagnosed with New World screwworm. What to know about the parasite
- SpaceX scrubs latest Starship launch due to bad weather
- Van Gogh Museum 'could close' without more help from Dutch govt
- NACC renews appeal: Adopt neglected kids
- DoJ to begin preliminary investigation into missing cockfighting enthusiasts
- Social media erupts: Politicians' children face backlash for flaunting wealth
- China 'elephant in the room' at fraught Pacific Islands summit
- MMDA unveils plan to build rainwater impounding facilities in Camp Aguinaldo
