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
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, This news data comes from:http://www.052298.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.
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.
- Mayor Sotto slams Discayas, cites lies, ghost firms, and kickback allegations
- DPWH to revisit budget, to complete revisions within 2 weeks
- Manila marks National Heroes Day with job fair
- Dizon to abolish DPWH internal special investigation team created to look into the flood control anomalies
- Palace slams Discaya couple's denial in Film Heritage Building debacle
- Comelec defers BARMM district reconstitution
- No winner in Ultra, Megalotto draws for Sept 5
- DOH unveils 7 priority measures at House hearing
- Thai PM Paetongtarn Shinawatra sacked; new turmoil feared
- Govt monitoring Chinese ‘sleeper agents’ in PH
