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.
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., This news data comes from:http://www.xs888999.com
Budget shortfall narrows in July
- PTFOMS and CHR sign agreement to improve Filipino media workers' safety
- Bonoan resigns, Dizon named DPWH chief
- Palace rejects China's 'troublemaker' tag
- DOTr denies ordering shutdown of online selling platforms
- House panel defers 2026 DPWH budget until agency submit changes
- DICT grants amnesty to unregistered delivery firms
- NKorea's Kim tells Xi hopes to 'steadily develop' ties – KCNA
- Pagasa sees cyclone-free week across PH
- GoTyme gives customers 20 free InstaPay transfers per month
- Co out of country for medical reasons
