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.
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://tbsd-dylx-rq-fsy.gyglfs.com
Budget shortfall narrows in July
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.
- Four children killed by parents in Dominican Republic — police
- Wawao Builders exec ‘not sure’ if company has flood control project in Bulacan
- Inoue says taunts 'missed the target' ahead of world title clash
- 1 of 2 suspects in Pasay robbery, rape arrested
- Xi slams 'bullying' in speech to regional leaders at summit
- Kneecap to play Paris concert in defiance of objections
- India will not 'bow down,' trade minister says after US tariffs
- Trump says he'll keep extending TikTok shutdown deadline
- Napolcom confirms Lt. Gen. Nartatez as acting PNP chief
- Tariffs, migration and cartels will top Rubio's talks in Mexico and Ecuador this week
