MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday.
Budget shortfall narrows in July
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://erlvyiwan.com
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.
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.
- Marcos halts flood control budget; new commission to investigate expected 'in 48 hours'
- Wildfire tears through California gold rush town
- 17 House lawmakers press Marcos administration to raise WPS issue to UN
- Australia expels Iran ambassador over antisemitic attacks
- House starts flood control probe
- Japan accelerates missile deployment amid rising regional tensions
- Kanlaon Volcano spews ash
- DMW: 19 distressed OFWs return home from Jeddah
- P1.7-M shabu seized in Taguig buy-bust
- MMDA unveils plan to build rainwater impounding facilities in Camp Aguinaldo
