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., This news data comes from:http://ifw.gyglfs.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
- Trump moves to limit US stays of students, journalists
- Humanoid robots showcase skills at Ancient Olympia. But they're on a long road to catch up to AI
- India warns Pakistan of more cross-border flooding due to heavy monsoon rains
- Discaya companies' licenses revoked for bid-rigging
- ‘Lannie’ to bring rain over NLuzon, southwest monsoon to affect Metro Manila, Calabarzon, Mimaropa —Pagasa
- Bonoan resigns, Dizon named DPWH chief
- ‘Large shark’ kills man off Sydney beach
- LPA trough, 'habagat' to bring rains in parts of Luzon, including Metro Manila
- 'Five Eyes' ministers meet to discuss smashing people smuggling gangs, UK says
- Marcos signs law giving 99-year land lease to foreign investors
