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://771bg.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.
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.
- Marcos suspends importation of regular, well-milled rice for 60 days
- House tackles P881B public works budget amid flood control anomalies
- Putin lands in Tianjin for summit hosted by China
- Australia's 'mushroom murderer' handed life in prison with parole
- Gasoline, diesel prices to increase again next week
- Rains over Metro Manila, parts of PH as LPA may develop into 'short-lived' tropical depression
- Duterte lawyer cites former president's failing health, urges return to PH after ICC postpones hearing
- US appeals court blocks Trump's use of wartime law for deportations
- Anti-fake news bill filed anew in House
- 4 policemen linked to sabungero case slapped with more administrative cases
