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.
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://kh-eq-khp-bel.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.
Budget shortfall narrows in July
- Filipino priest wins Ramon Magsaysay Award for activism against Duterte's drug war
- Need a pee? Japan has QR code for that
- Japanese volunteers to PH 'bedrock' of bilateral relations, says envoy
- Marcos urged to raise WPS resolution at UN
- Supreme Court urged to act on fake complaints
- Thai woman jailed for 43 years for lese majeste freed
- Laws signed on holidays, court branches
- Open mic caught Xi, Putin discussing immortality
- Mob burns Nigerian woman to death over Islam blasphemy claim — police
- Marcos signs laws declaring holidays across PH
