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.
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://erlvyiwan.com
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.
- 40% of Filipinos are now obese, says Health expert
- Immigration: 1st lookout bulletin in effect on 35 individuals, including Discayas, linked to anomalous flood control projects
- No peace without end to hostilities –Arab bloc
- La Niña may return but temperatures will remain high, UN says
- Gasoline, diesel price hikes seen next week
- SC clarifies rules on land ownership
- Seoul says over 300 South Koreans held in US battery plant site raid
- Head of main US health agency abruptly dismissed
- Pagasa: Rainy Monday over Visayas, Luzon areas due to LPA, 'habagat'
- DILG denies allegations that PNP chief fired over firearms deal
