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., This news data comes from:http://ecl.jyxingfa.com
Budget shortfall narrows in July
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.
- Indonesia leader orders investigation into driver's protest death
- Most Filipinos distrust China, see it as biggest threat — OCTA survey
- May 12 poll results accurate, credible - OCTA Research
- Filipino weightlifter Vanessa Sarno banned for 2 years for anti-doping violation
- Drones take on Everest's garbage
- Wawao Builders exec ‘not sure’ if company has flood control project in Bulacan
- Police brutality fuels soaring tensions in Indonesia
- Berlin urges Israel to 'immediately' improve humanitarian conditions in Gaza
- 175th birth anniversary of Marcelo H. Del Pilar commemorated in Manila
- DILG suspends classes, gov’t work in 17 areas
