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.
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, This news data comes from:http://www.ycyzqzxyh.com
- Chinese sleeper agents' and PLA operatives a threat, Lacson warns
- Go files housing development bill
- Pagasa monitors LPA off Cavite, may still become tropical depression
- Surfacing of WPS features ‘likely’ natural occurrence, not due to dumped crushed corals
- Govt monitoring Chinese ‘sleeper agents’ in PH
- Marcos to youth: Help in nation-building
- Marcos suspends importation of regular, well-milled rice for 60 days
- No winner in lotto draws for Aug 28
- Comelec to resume BARMM polls ballot printing Thursday
- Marcos says commission on DPWH anomalies to be finalized 'very soon,' mum on Magalong participation
