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.
Budget shortfall narrows in July, This news data comes from:http://hvhendt.gangzhifhm.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.
- Putin threatens to target Western troops in Ukraine
- Diokno urges Philippines to rejoin ICC to counter China's aggression
- Alice Guo faces new cases over POGO land
- Indonesia hosts annual US-led combat drills with Indo-Pacific allies
- Former president Duterte's health stable despite high blood sugar, says VP Sara
- Israeli protesters demand hostage deal as cabinet meets
- Palestinian Embassy echoes PH appeal for ceasefire in Gaza
- 2,000 North Korean troops killed in Russia deployment: Seoul spy agency
- House resolution filed to investigate 'funders' of anomalous projects
- Palace: Govt monitoring Chinese sleeper agents, PLA presence in PH
