MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday.
Budget shortfall narrows in July
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://www.ycyzqzxyh.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.
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.
- Roxas matriarch Judy Araneta-Roxas, 91
- Transport chief pushes shame campaign vs errant motorists
- Gloria Arroyo files bill to empower Office of the Vice President
- Malaysia warns TikTok vs cyberbullying, deepfakes
- Putin vows not to back down in Ukraine
- Repairs on Chinese ship in Bajo de Masinloc collision may take 2 months - PH Navy
- Filipino weightlifter Vanessa Sarno banned for 2 years for anti-doping violation
- Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam
- Bolsonaro verdict looms as Brazil coup trial closes
- EU massive fine against Google draws Trump’s ire
