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., This news data comes from:http://jyxingfa.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.
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.
- Marcos willing to submit to a lifestyle check
- Malabon City honors partners
- Sara slams govt corruption probe as a 'political zarzuela,' to meet with Robredo at Bicol festival
- Magnitude 5.1 earthquake rattles Surigao del Sur
- 'Mockery of science': US experts blast Trump climate report
- Jollibee, DepEd partner to develop quick service restaurant curriculum for senior high
- Quezon City hails directive for national projects to get local permits
- More funding sought for sports commission
- May 12 poll results accurate, credible - OCTA Research
- Napolcom welcomes Nartatez’s move to recall Torre’s reassignments
