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://052298.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.
- Xi and Putin round on West at regional summit in China
- Israel military says controls 40 percent of Gaza City
- 102-year-old becomes oldest person to summit Mount Fuji
- Court orders Immigration to release of Global Ferronickel Chairman Joseph Sy
- Customs preparing report on Discayas’ 28 luxury cars
- Indonesian finance minister's home looted as protest anger grows
- House resumes budget briefings
- Palestinian Embassy echoes PH appeal for ceasefire in Gaza
- Sara mum, but brother thinks Torre removal due to PNP's 'internal conflicts'
- Navotas inks deal for school feeding project
