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
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://noac-vhux-dh-pcs.aichuwei.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.
- Vietnam marks 80th independence anniversary with huge parade
- Escudero says new lease law to make PH more appealing to investors
- Gasoline, diesel price hikes seen next week
- Rise in HFMD cases due to better reporting, not outbreak
- Modi reaffirms India's support for Ukraine peace settlement during call with Zelenskyy
- Transport chief pushes shame campaign vs errant motorists
- House resolution filed to investigate 'funders' of anomalous projects
- 2 Marikina policemen accused of molestation
- Estrada, Villanueva tagged in House flood control mess, says 'SOP was 30%'
- Marcos sacks PNP Chief Torre, saying it was 'difficult but necessary'
