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, This news data comes from:http://ojrnpvvb.xs888999.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.
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.
- Discaya says her family owns nine companies
- Philippines nears universal healthcare, 80% goal achieved -- Marcos
- Malaysia warns TikTok vs cyberbullying, deepfakes
- Harold Cabreros takes post as new OCD chief
- Israeli strikes in Yemen's capital kill six, Houthis say
- NKorea could produce ten to twenty nukes per year — SKorea leader
- NHA gives cash aid to families affected by calamity in Manila
- Pag-IBIG: More than 25k register for socialized housing units under Expanded 4PH
- Govt eyes charges vs Discayas over 'unfinished' PH Film Heritage Building
- 17 House lawmakers press Marcos administration to raise WPS issue to UN
