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.
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., This news data comes from:http://yrm.705-888.com
- 13 massage therapists robbed, 2 cry rape
- Marcos signs laws declaring holidays across PH
- Filipino weightlifter Vanessa Sarno banned for 2 years for anti-doping violation
- Over 800 killed as quake rocks Afghanistan
- ₱1.7M shabu seized in Taguig buy-bust
- Monsoon rains flood Mandaluyong, Parañaque — MMDA
- Pasig Mayor Vico Sotto attends House flood control probe
- Customs recovers 10 more Discaya luxury cars
- Marcos wants subpoena power for body investigating flood projects
- Comelec defers reconstitution of BARMM parliamentary districts
