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, This news data comes from:http://ycyzqzxyh.com
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.
- Hontiveros pushes P15,000 salary hike for teachers
- US halts 80% complete, huge offshore wind farm
- UK, Japan, South Korea endure hottest summer on record
- Diokno urges Philippines to rejoin ICC to counter China's aggression
- Thailand acting PM moves to dissolve parliament — party
- Escudero says new lease law to make PH more appealing to investors
- Sara Duterte calls DPWH flood control Inquiry a 'Zarzuela'
- Israeli protesters call for hostage deal ahead of cabinet meeting
- La Niña may return but temperatures will remain high, UN says
- Appointments panel holds first session
