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://www.aichuwei.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.
Budget shortfall narrows in July
- Aftershocks rumble quake-hit Afghanistan as death toll tops 1,400
- National Guard troops begin carrying weapons in US capital
- Eala ousts Day, enters Guadalajara Open final
- Comelec upholds cancelation of Duterte Youth registration
- Sotto allows detained Public Works engineer to attend House probe on flood control projects
- House panel defers 2026 DPWH budget until agency submits changes
- Australia halts logging for koala haven on eastern coast
- Australia to tackle deepfake nudes, online stalking
- Discaya companies' licenses revoked for bid-rigging
- Filipino weightlifter Vanessa Sarno banned for 2 years for anti-doping violation
