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., This news data comes from:http://sej-gbg-fa-qrlm.aichuwei.com
Budget shortfall narrows in July
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.
- No winner in lotto draws for Aug 30
- Ukraine drone attacks spark fires at Russia's Kursk nuclear plant, Novatek's Ust-Luga terminal.
- Undersea cables cut in the Red Sea, disrupting internet access in Asia and the Mideast
- India's Modi seeks closer ties on Asia tour to offset US tariff fallout
- Sotto to Lead Senate again as majority votes to oust Escudero
- A tale of two cities: San Mateo rejects Manila's trash; Rizal opens landfill to Malabon
- Palace rejects Sara's offer of 'free advice' on flood solutions, says to give it to 'Mayor Baste' instead
- Sen. Go files bills to push health, social, and labor reforms
- DOJ issues lookout order vs Atong Ang, others over missing cockfighters
- French parliament set to eject PM in blow to Macron
