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.
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.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.
Budget shortfall narrows in July
- More funding sought for sports commission
- 175th birth anniversary of Marcelo H. Del Pilar commemorated in Manila
- 9 dead in Ecuador after bus plunges into ravine
- Oil firms to hike pump prices Tuesday
- Some National Guard units in Washington are now carrying firearms in escalation of Trump deployment
- Maryland resident is diagnosed with New World screwworm. What to know about the parasite
- Group: Register for free PhilHealth medicines
- Marcos signs law giving 99-year land lease to foreign investors
- Ever dream of having an entry in the Guinness World Records? Here's how to do it
- Prompt release of educational aids sought
