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., This news data comes from:http://qjmcwaby.erlvyiwan.com
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.
Budget shortfall narrows in July
- MMDA inks deal with DBM for G-3 program
- Indonesia hosts annual US-led combat drills with Indo-Pacific allies
- Sotto willing to testify in Senate probe of flood control anomalies if summoned
- US warship heading toward Caribbean Sea
- President Marcos to attend 80th UN General Assembly in New York
- Palace suspends govt work, classes in several areas due to bad weather
- P1.7-M shabu seized in Taguig buy-bust
- ALPAS Consultancy bags five awards in Philippine Quill debut
- Mexican boxer Chavez Jr. released from prison pending trial
- China 'unstoppable', says Xi with Kim, Putin at his side
