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.
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://jyxingfa.com
Budget shortfall narrows in July
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.
- Metro Manila disaster agencies expand response areas in preparation for 'Big One'
- DFA: No US extradition request for Quiboloy
- Escudero subpoenaes 10 DPWH contractors for Senate probe next week
- Marcos opens Hyundai's shipyard in PH
- Marcos approves EO for commission to probe flood project anomalies
- Marcos signs mining tax regime law
- Plea written in blood saves Chinese woman trapped in locked room
- Peru’s ex-president Toledo gets a second sentence in the Odebrecht corruption scandal
- Vico Sotto could challenge VP Sara in 2028 race – survey
- Meralco electricity rates lower in Sept
