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://www.yamato-syokunin.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
- Tariffs, migration and cartels will top Rubio's talks in Mexico and Ecuador this week
- Bolsonaro verdict looms as Brazil coup trial closes
- Marcos 'ready' to undergo lifestyle check- Palace
- Filipino member of AHOP K-pop group says Manila concert a dream come true
- China displays its weaponry in a tightly controlled military parade
- UK, Japan, South Korea endure hottest summer on record
- Actress Angel Aquino victim of 'deepfake,' seeks prosecution of perpetrators of cyber pornography
- Modi and Putin affirm special relationship as India faces steep US tariffs over Russian oil imports
- Two foreigners face trafficking complaint in Pasay City
- Nepal to block unregistered social media platforms – govt
