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.
Budget shortfall narrows in July, This news data comes from:http://wmol-httv-odo-jo.771bg.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.
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.
- Pope demands end to 'collective punishment' and forced displacement of Palestinians in Gaza
- DPWH engineer in bribery scandal placed under preventive suspension
- 'New' position being offered to Torre — Palace
- Dizon to abolish DPWH internal special investigation team created to look into the flood control anomalies
- Israeli defense minister warns of Gaza City's destruction unless Hamas yields to his country's terms
- Marcos orders lifestyle checks on all government officials amid flood control probe
- Ever dream of having an entry in the Guinness World Records? Here's how to do it
- No winner in Ultra, Megalotto draws for Aug 29
- Choose Ombudsman with integrity, intelligence, insight – Cayetano
- PAL plane bound for Osaka returns to Manila due to 'emergency' situation
