MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday.
Budget shortfall narrows in July, This news data comes from:http://da.gyglfs.com
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.
- Thai PM Paetongtarn Shinawatra sacked; new turmoil feared
- Putin vows not to back down in Ukraine
- Dizon to order DPWH officials to submit courtesy resignation
- Lacson to Marcoleta: I don’t want a fight but I won’t back down from one
- 25,000 Filipinos register for Pag-IBIG's Expanded 4PH Housing Program
- US appeals court blocks Trump's use of wartime law for deportations
- Malabon shifts garbage disposal to Rizal landfill after Navotas closure
- Macron's decision to recognize Palestinian state angers Israel and the US
- Israeli forces seize nearly 0,000 in West Bank raid
- Palace slams Discaya couple's denial in Film Heritage Building debacle
