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., This news data comes from:http://www.yamato-syokunin.com
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.
- Modi and Putin affirm special relationship as India faces steep US tariffs over Russian oil imports
- PNP chief Torre relieved from post — Palace
- NBI starts own inquiry of DPWH contracts
- Sara Discaya admits owning 28 luxury cars
- Peace efforts in limbo as Kyiv mourns 23 dead
- Marcos says commission on DPWH anomalies to be finalized 'very soon,' mum on Magalong participation
- Pagasa: Trough of LPA, 'habagat' will bring rain, thunderstorms across PH
- Budget shortfall narrows in July
- Dizon to abolish DPWH internal special investigation team created to look into the flood control anomalies
- Gaps in healthcare services remain - study
