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.
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., This news data comes from:http://wgsmvi.jyxingfa.com
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.
- Task force cites new threats to media workers
- Marcos embarks on three-day state visit to Cambodia
- Maduro calls for dialogue hours after Trump’s threat
- Japan pledges continued support for Philippine development projects
- Workers urge Marcos to stop corruption by banning political dynasties
- President Marcos launches HD Hyundai Shipyard in Subic
- Some areas in Metro Manila, Bulacan to have brownouts due to maintenance work
- Marcos confers diplomatic merit award on two ambassadors
- Oil firms to raise fuel prices this week
- NACC renews appeal: Adopt neglected kids
