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://kbxqoa.jyxingfa.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.
- Makati earns high rating in anti-trafficking and violence assessment
- Immigration deports 49 South Korean fugitives
- Seoul says over 300 South Koreans held in US battery plant site raid
- President Marcos to attend 80th UN General Assembly in New York
- Marcos urged to raise WPS resolution at UN
- Mandela grandson says he will join Gaza aid boat
- ‘Lannie’ to bring rain over NLuzon, southwest monsoon to affect Metro Manila, Calabarzon, Mimaropa —Pagasa
- 'Blood Moon' to rise during total lunar eclipse Sunday night
- Malabon shifts garbage disposal to Rizal landfill after Navotas closure
- Putin tells Xi China-Russia ties are at 'unprecedented level'
