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., This news data comes from:http://www.yamato-syokunin.com
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.
Budget shortfall narrows in July
- PH, Australia hold live fire drills during ALON 2025 in Nueva Ecija
- Trump stamps 'dictator chic' on Washington
- Malabon averts crisis with garbage deal
- Supreme Court: It’s work as usual in judiciary
- Repairs on Chinese ship in Bajo de Masinloc collision may take 2 months - PH Navy
- DICT grants amnesty to unregistered delivery firms
- Meralco expects drop in power rates this month thanks to stronger peso
- Indonesia's delayed new capital risks 'white elephant' status
- Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam
- Marcos signs laws declaring holidays across PH
