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://strt-iunh-kh-bpms.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.
- UP journalism professor chides Rep. Gomez over ‘media spin’ claims
- Customs preparing report on Discayas’ 28 luxury cars
- ICC wants Garma to testify in Duterte case
- Lacson replaces Marcoleta as Blue Ribbon panel chairman
- Wildfires producing 'witches' brew' of air pollution – UN
- BIR to audit contractors flagged for ghost flood projects for tax fraud — BIR
- MMDA prepares for PH hosting of FIVB
- Pagasa sees two to four tropical cyclones hitting Philippines in September
- Shooting of Indonesian diplomat in Peru investigated as a contract killing
- Marcos orders lifestyle checks on all government officials amid flood control probe
