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://705-888.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.
Budget shortfall narrows in July
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.
- 2 Marikina policemen accused of molestation
- PNP enlists Interpol help in hunt for Japanese mastermind behind Manila double murder
- A tale of two cities: San Mateo rejects Manila's trash; Rizal opens landfill to Malabon
- Filipino member of AHOP K-pop group says Manila concert a dream come true
- Sen. Hontiveros pushes for Philippine Geriatric Center to aid seniors
- Most Filipinos distrust China, see it as biggest threat — OCTA survey
- Thailand set for vote on new PM after dissolution bid rejected
- Sara says govt corruption probe a 'zarzuela,' plans to meet Robredo im Bicol festival
- Follow the trucks: Why investors are looking south of Metro Manila
- Cambodia MPs pass law allowing stripping of citizenship
