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.
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., This news data comes from:http://uqu.jyxingfa.com
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.
- Hontiveros urges probe on Chinese faking Filipino identity
- San Juan commemorates first revolution under Spanish rule in 129th Araw ng Pinaglabanan
- LPA affects Metro Manila, Mindanao, Visayas
- 102-year-old becomes oldest person to summit Mount Fuji
- Peru’s ex-president Toledo gets a second sentence in the Odebrecht corruption scandal
- Famed streetcar in Lisbon, Portugal, derails and crashes, killing 15 people
- Wife of Australian man wanted in police killings urges him to surrender
- Trump withdraws Kamala Harris's Secret Service protection
- Majority of Filipinos unaware of vote buying in 2025 elections, OCTA survey shows
- ‘God’s Influencer’ to become first millennial saint
