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.
Budget shortfall narrows in July, This news data comes from:http://cb-fc-ckl-rkn.gyglfs.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.
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
- Thai court dismisses prime minister over compromising phone call with Cambodian leader
- President Marcos to attend 80th UN General Assembly in New York
- The rot goes deep: Marcos decries decades-old corruption
- Artikulo Onse' group calls for independent panel to probe flood control corruption
- Vietnam evacuates thousands ahead of Typhoon Kajiki
- Ukraine says Russia linked to lawmaker's killing
- 17 House lawmakers press Marcos administration to raise WPS issue to UN
- Konektadong Pinoy bill lapses into law
- Rep. Tiangco reveals P17B flood control allocations linked to former appropriations chairman Rep. Zaldy Co
- North Korea test-fires two 'new' air defense missiles
