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., This news data comes from:http://lpbexvs.gangzhifhm.com
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.
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.
- LPA off Leyte has low chance of becoming cyclone within 24 hours —Pagasa
- DPWH fires Bulacan engineers, blacklists contractors over anomalous projects
- Comelec to resume BARMM polls ballot printing Thursday
- Pagasa monitors 2 LPAs inside PAR; prevailing 'habagat' brings rain across PH
- Marcos embarks on three-day state visit to Cambodia
- DICT grants amnesty to unregistered delivery firms
- Thailand set for vote on new PM after dissolution bid rejected
- Xi and Putin's hot mic moment: How long will science extend the human life span?
- Strikes across Gaza Strip kill at least 31 as international scholars accuse Israel of genocide
- Navotas holds anti-plastic drive
