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.
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., This news data comes from:http://aichuwei.com
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.
- Chinese sleeper agents' and PLA operatives a threat, Lacson warns
- Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam
- Judge reverses Trump administration's cuts of billions of dollars to Harvard University
- Rise in HFMD cases due to better reporting, not outbreak
- Peru’s ex-president Toledo gets a second sentence in the Odebrecht corruption scandal
- 2 LPAs monitored inside PAR, bringing rain to Luzon
- Indonesia's delayed new capital risks 'white elephant' status
- ICC clears applications of 15 drug war victims to join proceedings vs Duterte
- Maduro calls for dialogue hours after Trump’s threat
- Chinese tourist city Sanya shuts down as typhoon intensifies
