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
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., This news data comes from:http://redcanaco.com
- South Korea's Lee faces pivotal test at first summit with Trump
- Wildfire tears through California gold rush town
- Vico Sotto could challenge VP Sara in 2028 race – survey
- Israel expects 1 million Gazans to flee new offensive
- Palace hits Discayas over ‘misinformation’ on PH film center project
- UK, Japan, South Korea endure hottest summer on record
- NATIONAL ARTIST'S HOMETOWN
- Ever dream of having an entry in the Guinness World Records? Here's how to do it
- Palace: Govt monitoring Chinese sleeper agents, PLA presence in PH
- Kris Aquino is alive, says friend amid reports of death
