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://ucvvmcmh.redcanaco.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.
Budget shortfall narrows in July
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.
- Prince Harry to visit UK on anniversary of queen's death
- Taiwan: China illegally deploying oil rigs in its waters
- Thai Court: PM Shinawatra violated ethics rules
- Makati earns high rating in anti-trafficking and violence assessment
- No winner in lotto draws for Aug 30
- Israel ups pressure on Gaza City as Trump talks post-war plan
- La Niña may return but temperatures will remain high, UN says
- House resumes budget briefings
- Nartatez vows to be fair in making reassignments
- PH Navy spots 20 Chinese ships near BRP Sierra Madre
