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., This news data comes from:http://pqq-yu-ecwg-wtb.gyglfs.com
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.
- Napoles gets 55 years for another ‘pork’ case
- DPWH told to build evacuation centers
- Lacson seeks probe of 2 PH contractors' board members for conflict of interest
- HFMD cases on the rise
- Duterte party's acting chairman charged at Sandiganbayan over Malampaya project
- Kneecap to play Paris concert in defiance of objections
- Sri Lanka's ex-president Wickremesinghe arrested over fund misuse
- Vico Sotto's viral post sparks ethics debate, elicits response from journalists
- Bonoan resigned due to command responsibility — Marcos
- Jollibee, DepEd partner to develop quick service restaurant curriculum for senior high
