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., This news data comes from:http://bjlf-jtpb-kc-xilk.705-888.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.
- Typhoon death toll rises in Vietnam as downed trees hamper rescuers
- China 'unstoppable', says Xi with Kim, Putin at his side
- 'Strangest' dinosaur covered in spiked armory – scientists
- Taiwan: China illegally deploying oil rigs in its waters
- Sara says govt corruption probe a 'zarzuela,' plans to meet Robredo im Bicol festival
- Xi and Putin round on West at regional summit in China
- Motive probed for US shooting that killed two children, injured 17
- Searchers retrieve bodies as Afghan quake toll seen to rise
- Social pension eyed for indigent seniors
- Marcos orders 'sweeping review' of DPWH budget under 2026 NEP
