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.
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://yamato-syokunin.com
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.
- COA probes Iqbal on spending of P1.7B in one day
- May 12 poll results accurate, credible - OCTA Research
- Japan pledges continued support for Philippine development projects
- More funding sought for sports commission
- Comelec delays implementation of decision disqualifying Duterte Youth Party-List
- Police brutality fuels soaring tensions in Indonesia
- Xi and Putin reaffirm 'old friend' ties in the face of US challenges
- Trump: Many Americans ‘like a dictator’
- Widespread flooding in Quezon City due to heavy rains, stranding commuters, rendering most roads impassable to vehicles
- ERC amends net-metering rules to expand renewable energy options
