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., This news data comes from:http://www.erlvyiwan.com
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.
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.
- Philippines to work more closely with US amid regional challenges
- Macron says 26 countries pledge troops as a reassurance force for Ukraine after war ends
- Trump hails Department of War rebrand as 'message of victory'
- New mining law to balance profit, ecology
- New DPWH chief Dizon: "A department can't investigate itself"
- Russian drone, missile attack kills 14, injured 48 in Kyiv
- Two foreigners face trafficking complaint in Pasay City
- Filipino weightlifter Vanessa Sarno banned for 2 years for anti-doping violation
- CFO moves office from QC to Pasay
- Hawaii's Kilauea volcano erupts with lava pouring out from multiple vents
