MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday.
Budget shortfall narrows in July
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://ddtpwtu.erlvyiwan.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.
- UK, Japan, South Korea endure hottest summer on record
- Bonoan resigned due to command responsibility — Marcos
- Undersea cables cut in the Red Sea, disrupting internet access in Asia and the Mideast
- Dizon to abolish DPWH internal special investigation team created to look into the flood control anomalies
- Transport chief pushes shame campaign vs errant motorists
- Alice Guo faces new cases over POGO land
- PH Army showcases disaster response capabilities before Thai defense officials
- Senators Estrada and Villanueva deny getting kickbacks after former engineer tags them in House hearing
- Nartatez rules out 'quota' arrests
- Manila Water announces service disruption for over 12K households in Mandaluyong due to leak repair
