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., This news data comes from:http://www.redcanaco.com
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.
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.
- Lacson clears air over conflict with Marcoleta on flood control probe
- China's Xi holds talks with North Korea's Kim in Beijing
- Red Cross head says mass evacuation of Gaza City 'impossible'
- Gaps in healthcare services remain - study
- Discaya’s construction companies competed against each other during biddings
- ‘New NBI chief must be career official’
- DBP to be honored at inaugural Manila Times Sustainability Awards
- Philippines to launch shame campaign vs traffic violators
- 'God's Influencer' to become first millennial saint
- China is showing off its weaponry in a tightly controlled military parade
