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://xfy-yiil-luj-kr.052298.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.
- A suicide bombing near a political rally in southwestern Pakistan kills 13 and wounds 30
- Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam
- Eight towns in Cotabato cancel classes on Monday
- Chinese tourist city Sanya shuts down as typhoon intensifies
- Former president Duterte's health stable despite high blood sugar, says VP Sara
- Chinese sleeper agents' and PLA operatives a threat, Lacson warns
- Firefighters arrested by US immigration officials
- Open mic caught Xi, Putin discussing immortality
- Tourists dice with danger on Hanoi's train street
- Comelec probes 15 govt contractors over 2022 election donations
