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, This news data comes from:http://erlvyiwan.com
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.
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.
- Thailand's suspended prime minister testifies over phone call that could get her booted from job
- Vietnam evacuates thousands ahead of Typhoon Kajiki
- SpaceX cancels Starship megarocket launch in latest setback
- Zelenskyy meets European leaders on Ukraine security guarantees
- Discaya’s construction companies competed against each other during biddings
- Typhoon death toll rises in Vietnam as downed trees hamper rescuers
- Mexican boxer Chavez Jr. released from prison pending trial
- Tokyo protests to Beijing over gas field in East China Sea
- Puno seeks probe of anomalous projects ‘funders’
- Surfacing of WPS features ‘likely’ natural occurrence, not due to dumped crushed corals
