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., This news data comes from:http://tnv-gw-tso-ub.jyxingfa.com
Budget shortfall narrows in July
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.
- 'Strangest' dinosaur covered in spiked armory – scientists
- Social media erupts: Politicians' children face backlash for flaunting wealth
- Prince Harry to visit UK on anniversary of queen's death
- Peace efforts in limbo as Kyiv mourns 23 dead
- Pangilinan urges Marcos Jr. to prioritize bill aiding farmers, fishermen
- Thai woman jailed for 43 years for lese majeste freed
- MMDA unveils plan to build rainwater impounding facilities in Camp Aguinaldo
- Taiwan, China locked in historical word war
- Van Gogh Museum 'could close' without more help from Dutch govt
- Most Filipinos distrust China, see it as biggest threat — OCTA survey
