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.
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://ytfcmfaa.erlvyiwan.com
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.
- Israeli protesters demand hostage deal as cabinet meets
- Thousands protest in Indonesia as military deployed in capital
- Construction managers, developers back Housing chief's anti-corruption advocacy
- DPWH engineer in bribery scandal placed under preventive suspension
- Zelenskyy seeks talks with Trump and European leaders on slow progress of peace efforts with Russia
- Kneecap to play Paris concert in defiance of objections
- Australia government condemns anti-immigration rally in Sydney
- 25,000 Filipinos register for Pag-IBIG's Expanded 4PH Housing Program
- Supreme Court censures Marikina judge over parking dispute with PAO lawyer
- French couple kept panther that roamed nearby rooftops
