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://howk-cb-gf-slma.ycyzqzxyh.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.
- SpaceX scrubs latest Starship launch due to bad weather
- Thousands protest in Indonesia as military deployed in capital
- Japan accelerates missile deployment amid rising regional tensions
- NKorea could produce ten to twenty nukes per year — SKorea leader
- SC clarifies rules on land ownership
- ‘God’s Influencer’ to become first millennial saint
- Marcos lauds Alex Eala’s win in Guadalajara
- ‘Gomez ignorant of how media works’
- Marcos willing to submit to a lifestyle check
- Rubio says US warned France on Israel annexation moves
