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
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., This news data comes from:http://bqh.gangzhifhm.com
Budget shortfall narrows in July
- US appeals court blocks Trump's use of wartime law for deportations
- ‘Gomez ignorant of how media works’
- 'Strangest' dinosaur covered in spiked armory — Scientists
- House suspends DPWH budget deliberations pending submission of changes by agency, DBM
- Corruption crackdown: VP Sara Duterte, lawmakers call for deeper probe into government
- House committee subpoenas Sarah Discaya, 4 other contractors over flood control project anomalies
- Maryland resident is diagnosed with New World screwworm. What to know about the parasite
- House bill seeks to regulate AI use
- Discayas to file raps vs protesters, will attend Senate hearing — lawyer
- Thai court to rule on PM's fate after Hun Sen call leak
