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://xunh-hmo-oo-hqc.redcanaco.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
- SSS rolls out historic pension reform program
- Construction managers, developers back Housing chief's anti-corruption advocacy
- 'No way' US troops can invade Venezuela, says Maduro
- 13 massage therapists robbed, 2 cry rape
- 2 LPAs monitored inside PAR, bringing rain to Luzon
- WorldSkills Asean Manila begins
- India warns Pakistan of more cross-border flooding due to heavy monsoon rains
- Drones take on Everest's garbage
- Thailand's former Prime Minister Thaksin makes surprise departure ahead of a risky court ruling
- Nartatez vows to be fair in making reassignments
