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., This news data comes from:http://redcanaco.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.
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.
- Filipino member of AHOP K-pop group says Manila concert a dream come true
- Mob burns Nigerian woman to death over Islam blasphemy claim — police
- Washington makes military aid overtures to Sahel juntas
- 15 drug war victims cleared to join Duterte's ICC case
- NATIONAL ARTIST'S HOMETOWN
- Philippines presses call for ceasefire in Gaza
- Rise in HFMD cases due to better reporting, not outbreak
- 'Ondoy'-level rains swamp Quezon City
- Marcos to attend UN meet in New York in Sept- Palace
- Palace rejects Sara's offer of 'free advice' on flood solutions, says to give it to 'Mayor Baste' instead
