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., This news data comes from:http://yamato-syokunin.com
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.
Budget shortfall narrows in July
- Trump wants to meet Norea Korea's Kim again
- Read to reduce sentence, Uzbekistan tells prisoners
- Venezuela builds up border security over US warships
- Duterte party's acting chairman charged at Sandiganbayan over Malampaya project
- Housing secretary declares 'zero-tolerance' policy on corruption
- MMDA inks deal with DBM for G-3 program
- NBI slaps Alice Guo, 35 Others with new graft, misconduct cases
- BuCor chief calls for major reforms
- A suicide bombing near a political rally in southwestern Pakistan kills 13 and wounds 30
- Inoue says taunts 'missed the target' ahead of world title clash
