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., This news data comes from:http://fvrjo.gyglfs.com
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.
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.
- 175th birth anniversary of Marcelo H. Del Pilar commemorated in Manila
- Sri Lanka's jailed ex-president Wickremesinghe granted bail
- Search for survivors after Afghan earthquake kills 800
- Sarah Discaya grilled by Senate over alleged DPWH links
- 13 massage therapists robbed, 2 cry rape
- Israel ups pressure on Gaza City
- Repairs on Chinese ship in Bajo de Masinloc collision may take 2 months - PH Navy
- Harold Cabreros takes post as new OCD chief
- PH Navy spots 20 Chinese ships near BRP Sierra Madre
- India's Modi meets Japan's Ishiba as he begins Asia tour
