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://fgl-tygw-fgn-ry.yamato-syokunin.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.
- 2,000 North Korean troops killed in Russia deployment: Seoul spy agency
- Chinese warships shadow Philippine, Australian, Canadian drills in Zambales
- Modi and Putin affirm special relationship as India faces steep US tariffs over Russian oil imports
- 1 of 2 suspects in Pasay robbery, rape arrested
- A summit and parade in China may signal a geopolitical shift
- Search for survivors after Afghan earthquake kills 800
- Marcos sacks PNP Chief Torre, saying it was 'difficult but necessary'
- Pagasa monitors 2 LPAs inside PAR; prevailing 'habagat' brings rain across PH
- DPWH engineer denies role in Bulacan flood control ‘ghost projects’
- ‘New NBI chief must be career official’
