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
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., This news data comes from:http://www.jyxingfa.com
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.
- Malacañang calls plot to jail VP Duterte 'wild imagination'
- UK police arrest hundreds in latest Palestine Action demo
- Israel warns Hamas to surrender or face 'annihilation'
- Napolcom welcomes Nartatez’s move to recall Torre’s reassignments
- 'Pink and green' protests call for a reset in Indonesia
- Sara slams govt corruption probe as a 'political zarzuela,' to meet with Robredo at Bicol festival
- MMDA proposes rainwater facilities in Camp Aguinaldo to mitigate EDSA flooding
- Gasoline, diesel prices to increase by P1 next week
- ICC wants Garma to testify in Duterte case
- US approves .5M in assistance to Nigeria to help address hunger
