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.
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., This news data comes from:http://abi-tco-bs-mt.redcanaco.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.
- Wife of Australian man wanted in police killings urges him to surrender
- SC acquits suspect in 2012 killing of Dutch aid worker over doubtful testimonies
- Chinese sleeper agents' and PLA operatives a threat, Lacson warns
- Vietnam marks 80th independence anniversary with huge parade
- Vico Sotto could challenge VP Sara in 2028 race – survey
- Leviste files charges against DPWH engineer who tried to bribe him
- Immigration deports 49 South Korean fugitives
- Support grows for independent probe into flood control projects
- Tokyo logs record 10 days of 35 C or higher
- Former PNP chief Torre III offered new government post
