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://pq-iv-jwtb-hxv.redcanaco.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.
- Nepali court: Hindu holy men's nudity not obscene
- 9 dead in Ecuador after bus plunges into ravine
- BCDA honored for UN sustainable development goals at Manila Times Awards
- Cayetano elected Senate minority leader; initial reorganization in committee chairmanships
- Eala writes another historic chapter in Philippine tennis
- UN food agency chief says women and children are starving in Gaza and pressed Netanyahu on aid
- DMW: 19 distressed OFWs return home from Jeddah
- DBP launches P50M program for education
- US senators to reinforce 'partnership' with Taiwan
- LGBTQ+ Catholics make Holy Year pilgrimage to Rome and celebrate a new sense of acceptance
