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://www.aichuwei.com
Budget shortfall narrows in July
- Prince Harry visits late queen’s grave, stirs King Charles meeting speculation
- Former president Duterte's health stable despite high blood sugar, says VP Sara
- Comelec to resume BARMM polls ballot printing Thursday
- China's Xi holds talks with North Korea's Kim in Beijing
- New mining law to balance profit, ecology
- Eight towns in Cotabato cancel classes on Monday
- BCDA honored for UN sustainable development goals at Manila Times Awards
- NKorea could produce ten to twenty nukes per year — SKorea leader
- Duterte party's acting chairman charged at Sandiganbayan over Malampaya project
- Wildfire tears through California gold rush town
