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.gyglfs.com
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.
Budget shortfall narrows in July
- Go Negosyo, CFO push migrant empowerment
- India to probe giant zoo run by son of Asia's richest person
- House probe tackles flood control corruption: Lawmakers disclose conflicts of interest
- Pakistanis no reprieve from floods yet
- Diokno urges Philippines to rejoin ICC to counter China's aggression
- Signal No. 1 up in 13 areas; Isang to leave PAR as tropical storm
- Comelec to resume BARMM polls ballot printing Thursday
- Motive probed for US church shooting that killed 2 children, injured 17
- Venezuela deploys warships, drones as US destroyers draw near
- Zelenskyy seeks talks with Trump and European leaders on slow progress of peace efforts with Russia
