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://nj-je-khx-hvv.xs888999.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.
- Lacson: House can't return proposed 2026 budget to Palace
- Thai woman jailed for 43 years for lese majeste freed
- 'Mockery of science': US experts blast Trump climate report
- One in four people lack access to safe drinking water – UN
- Philippine forces deliver supplies and personnel to disputed South China Sea shoal despite tensions
- Putin and Modi in China for summit hosted by Xi
- Israel military says controls 40 percent of Gaza City
- Philippines to work more closely with US amid regional challenges
- Opponents of Japan PM seek leadership contest
- Former DPWH chief denies links to corruption
