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://flo-uj-rof-gsa.redcanaco.com
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.
- NBI slaps Alice Guo, 35 Others with new graft, misconduct cases
- Immigration deports 49 South Korean fugitives
- Indonesia hosts annual US-led combat drills with Indo-Pacific allies
- UK, Japan, South Korea endure hottest summer on record
- Napoles gets 55 years for another ‘pork’ case
- US Spirit Airlines files for bankruptcy again
- Wawao Builders exec ‘not sure’ if company has flood control project in Bulacan
- May 12 poll results accurate, credible - OCTA Research
- New Zealand to allow some wealthy foreign investors onto property market
- Marcos willing to submit to a lifestyle check
