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.
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., This news data comes from:http://www.gyglfs.com
Budget shortfall narrows in July
- Pope demands end to 'collective punishment' and forced displacement of Palestinians in Gaza
- Israel military says controls 40 percent of Gaza City
- ‘God’s Influencer’ to become first millennial saint
- OVP ready to submit to lifestyle check if ordered, no word from Sara
- Construction managers, developers back Housing chief's anti-corruption advocacy
- No winner in Ultra, Megalotto draws for Aug 29
- Thailand's Parliament to vote Friday for a new prime minister
- Chinese bridge collapse kills at least 12 construction workers
- Some areas in Metro Manila, Bulacan, Quezon to have power interruptions due to maintenance work
- Islamic State claims deadly attack on Pakistan rally
