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., This news data comes from:http://052298.com
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.
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
- Search for survivors after Afghan earthquake kills 800
- NKorea could produce ten to twenty nukes per year — SKorea leader
- Jollibee, DepEd partner to develop quick service restaurant curriculum for senior high
- Marcos to create independent commission to investigate flood control anomalies
- Pag-IBIG: More than 25k register for socialized housing units under Expanded 4PH
- House panel defers 2026 DPWH budget until agency submit changes
- Trump plans a hefty tax on imported drugs, risking higher prices and shortages
- Sara Duterte calls DPWH flood control Inquiry a 'Zarzuela'
- La Niña forecast from Sept-Dec, expect more tropical cyclones, above normal rainfall -- Pagasa
- Lacson clears air over conflict with Marcoleta on flood control probe
