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.
Budget shortfall narrows in July, This news data comes from:http://ci.redcanaco.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.
- DMW, pharmaceutical firm sign agreement to boost access to medicines, hospital services for OFWs, families
- Supreme Court: It’s work as usual in judiciary
- SC acquits suspect in 2012 killing of Dutch aid worker over doubtful testimonies
- Follow the trucks: Why investors are looking south of Metro Manila
- Artikulo Onse' group calls for independent panel to probe flood control corruption
- Mob burns Nigerian woman to death over Islam blasphemy claim — police
- Wawao Builders exec ‘not sure’ if company has flood control project in Bulacan
- Indonesia leader orders investigation into driver's protest death
- Sara mum, but brother thinks Torre removal due to PNP's 'internal conflicts'
- Legarda pushes Magna Carta of Waste Workers
