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.
Budget shortfall narrows in July, This news data comes from:http://jyxingfa.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.
- Trough of LPA, ‘habagat’ will bring rain showers, thunderstorms across PH
- Heavy rains flood parts of Metro Manila anew
- UP journalism professor chides Rep. Gomez over ‘media spin’ claims
- Most Filipinos distrust China, see it as biggest threat — OCTA survey
- DSWD's guarantee letters now accepted in more establishments
- Strikes across Gaza Strip kill at least 31 as international scholars accuse Israel of genocide
- House bill seeks to regulate AI use
- NKorea's Kim tells Xi hopes to 'steadily develop' ties – KCNA
- China races to build world’s largest solar farm
- Japan pledges continued support for Philippine development projects
