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., This news data comes from:http://xyuo-ivpb-rc-obeq.052298.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.
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.
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.
- Zelenskyy seeks talks with Trump and European leaders on slow progress of peace efforts with Russia
- Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam
- US appeals court blocks Trump's use of wartime law for deportations
- Evicted from their forests, Kenyan hunter-gatherers fight for their rights
- Makati distributes Blu Card cash aid
- Indonesia turns down ear-splitting 'haram' street parties
- Inflation up 1.5% in August
- Thailand's suspended prime minister testifies over phone call that could get her booted from job
- Construction managers, developers back Housing chief's anti-corruption advocacy
- Japan accelerates missile deployment amid rising regional tensions
