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://kkoj-qi-kja-qjfm.ycyzqzxyh.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.
- 100K Pakistanis flee amid flood threat
- House suspends DPWH budget deliberations pending submission of changes by agency, DBM
- China displays its weaponry in a tightly controlled military parade
- Sen. Go files bills to push health, social, and labor reforms
- Prince Harry to visit UK on anniversary of queen's death
- ALPAS Consultancy bags five awards in Philippine Quill debut
- Prime minister of Yemen's Houthi-run government killed in Israeli strike
- Classes suspended in 10 Metro Manila cities due to rains
- Evicted from their forests, Kenyan hunter-gatherers fight for their rights
- Sara mum, but brother thinks Torre removal due to PNP's 'internal conflicts'
