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., This news data comes from:http://www.redcanaco.com
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.
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.
- House probe tackles flood control corruption: Lawmakers disclose conflicts of interest
- LPA may still develop into short-lived tropical cyclone
- Xi says China 'unstoppable' in parade opening speech
- PH has chance of getting UNSC seat - Manalo
- Trough of LPA, ‘habagat’ will bring rain showers, thunderstorms across PH
- Indonesia leader orders investigation into driver's protest death
- Marcos to create independent commission to investigate flood control anomalies
- Artikulo Onse' group calls for independent panel to probe flood control corruption
- Marcos leads oath taking of new officers of League of Provinces of the Philippines
- Marcos inspects rock shed project in Benguet
