MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday., This news data comes from:http://vi.771bg.com
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.
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.
- A summit and parade in China may signal a geopolitical shift
- 2 LPAs monitored inside PAR, bringing rain to Luzon
- Trump: Many Americans ‘like a dictator’
- LPA trough, 'habagat' to bring rains in parts of Luzon, including Metro Manila
- 4 of 15 contractors on Marcos list have clean records – DPWH
- ‘40% of Filipinos obese’
- Sara says govt corruption probe a 'zarzuela,' plans to meet Robredo im Bicol festival
- House tackles P881B public works budget amid flood control anomalies
- Isko Moreno files charges against contractor over illegal demolition of sports complex in Manila
- President Marcos commits to boosting PH digital infrastructure
