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.
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, This news data comes from:http://052298.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.
- Trump says he wants to meet North Korea's Kim again
- Madagascar welcomes home skulls of Indigenous warriors taken by French colonial troops 128 years ago
- Argentine police recover Nazi-looted painting spotted in property ad
- Discayas to file raps vs protesters, will attend Senate hearing — lawyer
- Marcos says commission on DPWH anomalies to be finalized 'very soon,' mum on Magalong participation
- Wildfires producing 'witches' brew' of air pollution – UN
- Pope demands end to 'collective punishment' and forced displacement of Palestinians in Gaza
- Lacson: Torre 'acted beyond his authority'
- National Guard troops begin carrying weapons in US capital
- Mexican senators come to blows after heated debate
