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., This news data comes from:http://als-bsi-dq-bifq.gyglfs.com
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
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.
- Harold Cabreros takes post as new OCD chief
- PH, Australia commend ‘impressive’ joint sea drills
- EU massive fine against Google draws Trump threat
- Labubu fans flock to stores after launch of mini dolls
- Malacañang hits back at VP Duterte's criticism on flood scam probe
- Batangas engineer suspended after alleged bribery attempt on congressman Leviste
- Sara mum, but brother thinks Torre removal due to PNP's 'internal conflicts'
- India will not 'bow down,' trade minister says after US tariffs
- Vatican puts Pope Francis' ecological preaching into practice with vocational farm center
- Quezon City hails directive for national projects to get local permits
