MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday.
Budget shortfall narrows in July, This news data comes from:http://www.erlvyiwan.com
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.
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.
- 13 massage therapists robbed, 2 cry rape
- Marcos lauds Filipinos for role in nation building on National Heroes Day
- Putin and Modi in China for summit hosted by Xi
- Ballots for oct 13 BARMM polls completed – Comelec
- Globe: Mobile data helps drive national progress
- 100K Pakistanis flee amid flood threat
- Manila mayor warns against mobs, orders police to maintain peace and order
- Lacson clears air over conflict with Marcoleta on flood control probe
- Escudero says new lease law to make PH more appealing to investors
- Wife and ally of ousted SKorean president indicted by special prosecutors
