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://lj-mm-sb-cp.gangzhifhm.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.
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.
- Islamic State claims deadly attack on Pakistan rally
- BIR to audit contractors flagged for ghost flood projects for tax fraud — BIR
- Five killed in New York state tourist bus crash
- Five journalists among 20 killed in Israeli strikes on Gaza hospital
- Indonesian police officer fired over killing that sparked protests
- Public Works chief to press criminal charges against Bulacan engineer
- DILG denies claims ex-PNP chief ousted over firearms purchase
- Venezuela builds up border security over US warships
- SpaceX cancels Starship megarocket launch in latest setback
- ‘Lannie’ to bring rain over NLuzon, southwest monsoon to affect Metro Manila, Calabarzon, Mimaropa —Pagasa
