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://soxs-oaai-ogly-mg.gyglfs.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.
- Bonoan resigns, Dizon named DPWH chief
- India to probe giant zoo run by son of Asia's richest person
- Trump moves to cut more foreign aid, risking shutdown
- Japan accelerates missile deployment amid rising regional tensions
- Sotto allows detained Public Works engineer to attend House probe on flood control projects
- New Quezon City judge to oversee Dengvaxia vaccine cases, sets hearing
- New law lets foreigner investors lease land for 99 years
- Thailand acting PM moves to dissolve parliament — party
- Thailand set for vote on new PM after dissolution bid rejected
- President pushes probe on flood control mess amid congressional inquiry
