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://ycru-hl-ht-uw.jyxingfa.com
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.
- Indonesian police officer fired over killing that sparked protests
- SSS rolls out historic pension reform program
- Sen. Pangilinan Advocates for Credit-Worthy Farmers to Boost Agriculture Sector
- India's Modi meets Japan's Ishiba as he begins Asia tour
- Filipino weightlifter Vanessa Sarno banned for 2 years for anti-doping violation
- Protesters storm Discaya compound for second straight day
- Bureau of Customs seeks missing luxury cars of contractor Sarah Discaya
- UP journalism professor chides Rep. Gomez over ‘media spin’ claims
- No winner in lotto draws for Aug 28
- DPWH exec fired, 2 others face dismissal over flood control mess
