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://epsf.gyglfs.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.
Budget shortfall narrows in July
- DILG denies allegations that PNP chief fired over firearms deal
- US approves .5M in assistance to Nigeria to help address hunger
- Malaysia warns TikTok vs cyberbullying, deepfakes
- Retired NBI agents urge Marcos to appoint career official to replace Santiago
- Puno seeks probe of anomalous projects ‘funders’
- LPA over West PH Sea develops into tropical depression, now called ‘Jacinto’ -- Pagasa
- Humanoid robots showcase skills at Ancient Olympia. But they're on a long road to catch up to AI
- China is showing off its weaponry in a tightly controlled military parade
- SSS pension reform program starts in September
- Supreme Court censures Marikina judge over parking dispute with PAO lawyer
