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
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.
Budget shortfall narrows in July, This news data comes from:http://gyglfs.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.
- Berlin urges Israel to 'immediately' improve humanitarian conditions in Gaza
- UN watchdog finds uranium traces at suspected Syrian former nuclear site
- Trough of LPA, ‘habagat’ will bring rain showers, thunderstorms across PH
- Metro Manila, rest of Luzon would be rainy due to ‘habagat’ —Pagasa
- Workers urge Marcos to stop corruption by banning political dynasties
- Mexican senators come to blows after heated debate
- Maryland resident is diagnosed with New World screwworm. What to know about the parasite
- Marcos orders 'sweeping review' of DPWH budget under 2026 NEP
- PH Construction Board asked to address 'accreditation for sale' scandal
- Plea written in blood saves Chinese woman trapped in locked room
