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, This news data comes from:http://www.aichuwei.com
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.
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.
- Customs finds only 2 luxury cars at contractor's compound in Pasig
- Trump says he'll keep extending TikTok shutdown deadline
- Youth group asks SC to stop postponement of SK polls, cites age-limit concerns
- DPWH exec fired, 2 others face dismissal over flood control mess
- Israeli defense minister warns of Gaza City's destruction unless Hamas yields to his country's terms
- New Quezon City judge to oversee Dengvaxia vaccine cases, sets hearing
- Senator raises concern over deported Filipino seafarers
- US Spirit Airlines files for bankruptcy again
- DPWH engineer in bribery scandal placed under preventive suspension
- Maryland resident is diagnosed with New World screwworm. What to know about the parasite
