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://ycyzqzxyh.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.
- CFO moves office from QC to Pasay
- PNP disputes China's crime advisory, says Philippines crime rate dropped
- Japanese climber, 102, sets Mount Fuji record
- P1.7-M shabu seized in Taguig buy-bust
- Remulla pledges transparency and impartiality as Ombudsman
- IBP to form good governance panel
- Google to obey South Korean order to blur satellite images on maps
- Follow the trucks: Why investors are looking south of Metro Manila
- Pagasa: Rainy Monday over Visayas, Luzon areas due to LPA, 'habagat'
- Pag-IBIG Fund gives occupants 10% discount to legally buy acquired homes
