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., This news data comes from:http://lh-wyh-bh-yoq.705-888.com
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.
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.
- US appeals court finds Trump's global tariffs illegal
- 15 drug war victims cleared to join Duterte's ICC case
- CFO office moves from Quezon City to Pasay
- Govt monitoring Chinese ‘sleeper agents’ in PH
- International media protest over journalist deaths in Gaza
- Comelec: Postponed village, youth elections not in 2026 budget
- Filipino weightlifter Vanessa Sarno banned for 2 years for anti-doping violation
- DPWH exec asked lawmaker to make budget insertions — Lacson
- DILG denies allegations that PNP chief fired over firearms deal
- Nartatez to reassign Torre if he won't retire, says they're 'okay'
