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
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.
Budget shortfall narrows in July, This news data comes from:http://aichuwei.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.
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.
- Wawao Builders exec ‘not sure’ if company has flood control project in Bulacan
- NKorea could produce ten to twenty nukes per year — SKorea leader
- Motive probed for US church shooting that killed 2 children, injured 17
- Peru’s ex-president Toledo gets a second sentence in the Odebrecht corruption scandal
- Xi slams 'bullying' in speech to regional leaders at summit
- Labubu fans flock to stores after launch of mini dolls
- Xi and Putin round on West at regional summit in China
- House panel defers 2026 DPWH budget until agency submit changes
- More funding sought for sports commission
- Australia government condemns anti-immigration rally in Sydney
