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.
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://www.ycyzqzxyh.com
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.
- Lawmaker linked to anomalous flood control projects in US for medical reasons, says House spokesman
- LPA off Leyte has low chance of becoming cyclone within 24 hours —Pagasa
- Manila marks National Heroes Day with job fair
- Comelec upholds cancelation of Duterte Youth registration
- Bureau of Customs seeks missing luxury cars of contractor Sarah Discaya
- DPWH fires Bulacan engineers, blacklists contractors over anomalous projects
- Workers urge Marcos to stop corruption by banning political dynasties
- Brawner orders troops: Stop China from boarding BRP Sierra Madre at all costs
- 'Blood Moon' to rise during total lunar eclipse Sunday night
- PH, Australia hold live fire drills during ALON 2025 in Nueva Ecija
