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://co.aichuwei.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.
- Villanueva: Regularize contractual govt workers
- Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam
- House starts flood control probe
- MMDA unveils plan to build rainwater impounding facilities in Camp Aguinaldo
- Dizon to abolish DPWH internal special investigation team created to look into the flood control anomalies
- Five journalists among 20 killed in Israeli strikes on Gaza hospital
- Kris Aquino is alive, says friend amid reports of death
- ‘Gomez ignorant of how media works’
- Trump moves to end US tariff exemption for small packages
- Laws signed on holidays, court branches
