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://gve-nqm-va-ksw.yamato-syokunin.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.
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.
- Students, faculty file complaint against Universidad de Manila president
- PH, Australia hold live fire drills during ALON 2025 in Nueva Ecija
- Alex Eala makes history With comeback victory at US Open
- India warns Pakistan of more cross-border flooding due to heavy monsoon rains
- Widespread flooding in Quezon City due to heavy rains, stranding commuters, rendering most roads impassable to vehicles
- 'Blood Moon' to rise during total lunar eclipse Sunday night
- Konektadong Pinoy Bill has lapsed into law — Palace
- Repairs on Chinese ship in Bajo de Masinloc collision may take 2 months - PH Navy
- Alice Guo faces new cases over POGO land
- Israeli protesters call for hostage deal ahead of cabinet meeting
