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
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.
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., This news data comes from:http://wqqw-jdp-ak-xis.aichuwei.com
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.
- Dial 911: New nationwide emergency hotline to go live on Sept. 11
- DBP to be honored at inaugural Manila Times Sustainability Awards
- Former president Duterte's health stable despite high blood sugar, says VP Sara
- Marcos orders lifestyle check on all govt officials amid flood projects probe
- Discayas name lawmakers, DPWH officials involved in alleged extortion
- China's Communist rulers push party role before World War II anniversary
- Diokno urges Philippines to rejoin ICC to counter China's aggression
- Scramble for survivors as Afghan earthquake death toll passes 1,400
- Read to reduce sentence, Uzbekistan tells prisoners
- Pasig police prepare charges vs protesters
