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://www.aichuwei.com
Budget shortfall narrows in July
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.
- Marcos to mark ‘Thrilla In Manila’ 50th anniversary
- Lawmaker linked to anomalous flood control projects in US for medical reasons, says House spokesman
- US warship heading toward Caribbean Sea
- Wawao Builders exec ‘not sure’ if company has flood control project in Bulacan
- Diokno urges Philippines to rejoin ICC to counter China's aggression
- Marcos signs laws creating more court branches
- 'New' position being offered to Torre — Palace
- House committee subpoenas Sarah Discaya, 4 other contractors over flood control project anomalies
- Australia's mushroom murderer faces victims' family in court
- PNP enlists Interpol help in hunt for Japanese mastermind behind Manila double murder
