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://inysps.gyglfs.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.
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.
Budget shortfall narrows in July
- 2 LPAs monitored inside PAR, bringing rain to Luzon
- Anutin elected as Thailand's new prime minister
- 'New' position being offered to Torre — Palace
- UP journalism professor chides Rep. Gomez over ‘media spin’ claims
- Duterte party's acting chairman charged at Sandiganbayan over Malampaya project
- Australia halts logging for koala haven on eastern coast
- 1 in 4 people lack access to safe drinking water — UN
- Thailand's Parliament to vote Friday for a new prime minister
- Meralco expects drop in power rates this month thanks to stronger peso
- 1.2K pass Electrical Engineers exam
