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.
Budget shortfall narrows in July, This news data comes from:http://ncc-dbmv-uty-kt.gangzhifhm.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.
- Need a pee? Japan has QR code for that
- South Korean prosecutors indict Yoon's wife, former PM
- Thailand's suspended prime minister testifies over phone call that could get her booted from job
- House holds budget review with 21 civil society organizations
- Actress Angel Aquino victim of 'deepfake,' seeks prosecution of perpetrators of cyber pornography
- Pope Leo XIV to Israeli president: 2-state solution needed to end Gaza war
- President Marcos to attend 80th UN General Assembly in New York
- Court orders Immigration to release of Global Ferronickel Chairman Joseph Sy
- UP journalism professor chides Rep. Gomez over ‘media spin’ claims
- MMDA unveils plan to build rainwater impounding facilities in Camp Aguinaldo
