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.
Budget shortfall narrows in July
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., This news data comes from:http://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.
Budget shortfall narrows in July
- Over 800 killed as quake rocks Afghanistan
- Students, faculty file complaint against Universidad de Manila president
- Mass housing developers laud Pag-IBIG Fund
- Marcos willing to submit to a lifestyle check
- Konektadong Pinoy Bill has lapsed into law — Palace
- DPWH engineer in bribery scandal placed under preventive suspension
- LPA has big chance of intensifying into tropical cyclone to be named ‘Kiko’
- NKorea could produce ten to twenty nukes per year — SKorea leader
- Trump health misinformation swirls despite denial
- No winner in Grand, Megalotto draws for Aug 27
