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://xs888999.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.
Budget shortfall narrows in July
- Pagasa monitors 2 LPAs inside PAR; prevailing 'habagat' brings rain across PH
- Israeli protesters call for hostage deal ahead of cabinet meeting
- Widespread flooding in Quezon City due to heavy rains, stranding commuters, rendering most roads impassable to vehicles
- DFA: No US extradition request for Quiboloy
- Fair weather in PH except for isolated downpours — Pagasa
- Israeli forces seize nearly 0,000 in West Bank raid
- Marcos names Dizon as DPWH secretary
- MMDA prepares for PH hosting of FIVB
- MMDA proposes rainwater facilities in Camp Aguinaldo to mitigate EDSA flooding
- Pagasa sees cyclone-free week across PH
