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.
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://bl-fbu-otsu-ofi.gyglfs.com
Budget shortfall narrows in July
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.
- Escudero subpoenaes 10 DPWH contractors for Senate probe next week
- No winner in Ultra, Megalotto draws for Aug 29
- An AI simulation of a Mount Fuji eruption is being used to prepare Tokyo for the worst
- Social media erupts: Politicians' children face backlash for flaunting wealth
- Globe: Mobile data helps drive national progress
- Sara’s claims that corruption probe could be done in one day 'absolutely preposterous' – Palace
- MMDA readies for FIVB men’s volleyball
- Lookout bulletins out vs Atong Ang, Barretto
- Wife and ally of ousted SKorean president indicted by special prosecutors
- Surfacing of WPS features ‘likely’ natural occurrence, not due to dumped crushed corals
