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.
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., This news data comes from:http://otc-ec-krs-ab.aichuwei.com
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.
Budget shortfall narrows in July
- DSWD allocates P6.2B for livelihood program
- 2 LPAs monitored inside PAR, bringing rain to Luzon
- Wildfire tears through California gold rush town
- Indonesia turns down ear-splitting 'haram' street parties
- Oil firms to raise fuel prices this week
- Social media erupts: Politicians' children face backlash for flaunting wealth
- Housing secretary declares 'zero-tolerance' policy on corruption
- Trump names US ambassador to India
- ‘Lannie’ to bring rain over NLuzon, southwest monsoon to affect Metro Manila, Calabarzon, Mimaropa —Pagasa
- UK's mass facial-recognition roll-out alarms rights groups
