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.
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://bmc-jpt-dnhn-tho.gyglfs.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.
- Comelec to resume BARMM polls ballot printing Thursday
- ERC amends net-metering rules to expand renewable energy options
- ICC clears applications of 15 drug war victims to join proceedings vs Duterte
- Hontiveros pushes P15,000 salary hike for teachers
- US and European officials meet to discuss new sanctions on Russia
- Students, faculty file complaint against Universidad de Manila president
- Appointments panel holds first session
- Oil firms to raise pump prices Tuesday
- New DPWH chief Dizon: "A department can't investigate itself"
- AI, thinner iPhones likely stars of Apple 'Awe Dropping' event
