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.
Budget shortfall narrows in July, This news data comes from:http://pgb-wca-hor-jce.xs888999.com
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
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.
- Metro Manila disaster agencies expand response areas in preparation for 'Big One'
- Washington makes military aid overtures to Sahel juntas
- Filipino weightlifter Vanessa Sarno banned for 2 years for anti-doping violation
- What to know about Indonesia's nationwide unrest over lawmakers' perks
- PH, Australia commend ‘impressive’ joint sea drills
- Comelec en banc upholds cancelation of Duterte Youth Party-List registration
- Portugal mourns after Lisbon streetcar accident kills 15
- Malacañang hits back at VP Duterte's criticism on flood scam probe
- UK, Japan, South Korea endure hottest summer on record
- Manila marks National Heroes Day with job fair
