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.
Budget shortfall narrows in July, This news data comes from:http://nx-xppg-va-txj.redcanaco.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.
- Japan accelerates missile deployment amid rising regional tensions
- 15 drug war victims cleared to join Duterte's ICC case
- Pagasa monitors LPA off Cavite, may still become tropical depression
- Philippine forces deliver supplies and personnel to disputed South China Sea shoal despite tensions
- Protesters storm Discaya compound, Sotto calls for calm
- Two foreigners face trafficking complaint in Pasay City
- May 12 poll results accurate, credible - OCTA Research
- Putin facing mounting pressure from the West
- 17 House lawmakers press Marcos administration to raise WPS issue to UN
- Motive probed for US shooting that killed two children, injured 17
