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://www.yamato-syokunin.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.
Budget shortfall narrows in July
- Protesters storm Discaya compound, Sotto calls for calm
- NATO members to reach 2% defense spending goal this year
- CFO office moves from Quezon City to Pasay
- Globe partners with unconnected.org to provide remote schools with sustainable internet connectivity
- Group presses DA on delayed fertilizer subsidies
- Indonesian leader fires ministers of finance and security after deadly protests
- Yemen's Huthis hold funeral for PM killed in Israeli strike
- Trump says he wants to meet North Korea's Kim again
- Judge reverses Trump administration's cuts of billions of dollars to Harvard University
- French parliament set to eject PM in blow to Macron
