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
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., This news data comes from:http://lcu.771bg.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.
Budget shortfall narrows in July
- Alex Eala targets US Open Round of 32 in rematch against Spanish rival
- Lacson clears air over conflict with Marcoleta on flood control probe
- DILG suspends classes, gov’t work in 17 areas
- Pump prices go up
- India to cut taxes on hundreds of consumer goods to boost local demand following steep US tariffs
- 500 Internal Server Error
- Opponents of Japan PM seek leadership contest
- Some areas in Metro Manila, Bulacan, Quezon to have power interruptions due to maintenance work
- Indonesia protests put spotlight on paramilitary police force
- Nepali court: Hindu holy men's nudity not obscene
