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.705-888.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.
- Prompt release of educational aids sought
- DPWH fires Bulacan engineers, blacklists contractors over anomalous projects
- Comelec to open nearly two-year overseas voter registration for 2028 elections
- Dizon to abolish DPWH internal special investigation team created to look into the flood control anomalies
- Mexican boxer Chavez Jr. released from prison pending trial
- DPWH seeks lookout bulletin vs officials, contractors in ghost projects
- Sara slams govt corruption probe as a 'political zarzuela,' to meet with Robredo at Bicol festival
- Israel ups pressure on Gaza City as Trump talks post-war plan
- Lacson clears air over conflict with Marcoleta on flood control probe
- Police brutality fuels soaring tensions in Indonesia
