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://tccj-qtp-iytg-kpp.yamato-syokunin.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.
- Islamic State claims deadly attack on Pakistan rally
- Australia to tackle deepfake nudes, online stalking
- Afghan quake death toll surges to over 2,200
- Tourists dice with danger on Hanoi's train street
- PNP chief supports lowering age of discernment
- DILG to roll out nationwide unified 911 hotline on Sept. 11
- House tackles P881B public works budget amid flood control anomalies
- Tensions soar in Indonesia as protests over police brutality and lawmakers' allowances continue
- Red Cross head says mass evacuation of Gaza City 'impossible'
- Trump: Many Americans ‘like a dictator’
