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://jso-ox-dnay-xm.yamato-syokunin.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.
Budget shortfall narrows in July
- India's Modi seeks closer ties on Asia tour to offset US tariff fallout
- What to know about Indonesia's nationwide unrest over lawmakers' perks
- Thai tycoon takes office as PM after royal endorsement
- Marcos urged to raise WPS resolution at UN
- 4 of 15 contractors on Marcos list have clean records – DPWH
- Escudero subpoenas 5 contractors, 3 DPWH executives to Senate probe
- New Zealand to allow some wealthy foreign investors onto property market
- 15 people hospitalized after double-decker bus crashes outside London's Victoria Station
- Afghanistan earthquake kills more than 800
- 'Pink and green' protests call for a reset in Indonesia
