MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday.
Budget shortfall narrows in July
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://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.
- House holds budget review with 21 civil society organizations
- House starts flood control probe
- Angkas supports DICT's amnesty program for unregistered delivery services
- Comelec defers reconstitution of BARMM parliamentary districts
- US strike marks shift to military action against drug cartels
- Senate subpoenas 8 DPWH officials, contractors in flood control probe
- Surfacing of WPS features ‘likely’ natural occurrence, not due to dumped crushed corals
- 15 drug war victims cleared to join Duterte's ICC case
- Thousands protest in Nepal over social media ban, corruption
- Manila mayor warns against mobs, orders police to maintain peace and order
