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.
Budget shortfall narrows in July
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://bej-pfre-pgp-ieq.jyxingfa.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.
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.
- Filipino priest wins Ramon Magsaysay Award for activism against Duterte's drug war
- DPWH engineer in bribery scandal placed under preventive suspension
- China displays its weaponry in a tightly controlled military parade
- House justice panel to probe US' extradition request for Quiboloy
- Marcos says commission on DPWH anomalies to be finalized 'very soon,' mum on Magalong participation
- India's Modi seeks closer ties on Asia tour to offset US tariff fallout
- Israel city honors Quezon’s wartime rescue of Jews
- Peace efforts in limbo as Kyiv mourns 23 dead
- Sen. Pangilinan Advocates for Credit-Worthy Farmers to Boost Agriculture Sector
- Monsoon rains flood Mandaluyong, Parañaque — MMDA
