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.
Budget shortfall narrows in July, This news data comes from:http://tk-ml-dpb-sam.jyxingfa.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.
- Rep. Tiangco reveals P17B flood control allocations linked to former appropriations chairman Rep. Zaldy Co
- Israel launches new spy satellite in 'message' to enemies
- Manila mayor warns against mobs, orders police to maintain peace and order
- DMW, pharmaceutical firm sign agreement to boost access to medicines, hospital services for OFWs, families
- Signal No. 1 up in 13 areas; Isang to leave PAR as tropical storm
- Govt eyes charges vs Discayas over 'unfinished' PH Film Heritage Building
- 15 people hospitalized after double-decker bus crashes outside London's Victoria Station
- Russian drone, missile attack kills 14, injured 48 in Kyiv
- Indonesia hosts annual US-led combat drills with Indo-Pacific allies
- Public Works chief to press criminal charges against Bulacan engineer
