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, This news data comes from:http://705-888.com
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.
- Scramble for survivors as Afghan earthquake death toll passes 1,400
- Japan PM decides to quit as opponents seek leadership election
- Trump move to cut more foreign aid risking shutdown
- Quezon City hails directive for national projects to get local permits
- US appeals court blocks Trump's use of wartime law for deportations
- Suspect in 2012 killing of Dutch aid worker freed
- Australia's 'mushroom murderer' handed life in prison with parole
- Harold Cabreros takes post as new OCD chief
- Need to pee? Japan has QR code for that
- 2 LPAs monitored inside PAR, bringing rain to Luzon
