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.
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., This news data comes from:http://arrer.gangzhifhm.com
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.
- Gasoline, diesel price hikes seen next week
- Putin vows not to back down in Ukraine
- DPWH seeks lookout bulletin vs officials, contractors in ghost projects
- PH doesn't recognize Taiwan as sovereign state, stands by 'One China Policy' -- Foreign Affairs chief
- Discaya companies' licenses revoked for bid-rigging
- One in four people lack access to safe drinking water – UN
- Ukraine says Russia linked to lawmaker's killing
- No peace without end to hostilities –Arab bloc
- US agents arrest 475 in Hyundai-LG plant raid
- Konektadong Pinoy bill lapses into law
