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, This news data comes from:http://cs-mno-gl-aa.redcanaco.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.
- 25 countries suspend postal services to US over tariffs – UN
- AboitizPower pushes growth with clean, renewable energy
- Police general suspended for ‘obstruction’ of evidence in case of missing sabungeros
- 1 in 4 people lack access to safe drinking water — UN
- La Niña may return but temperatures will remain high, UN says
- US appeals court blocks Trump's use of wartime law for deportations
- Wife of Australian man wanted in police killings urges him to surrender
- Tokyo protests to Beijing over gas field in East China Sea
- Putin meets Kim, praises North Korean troops in Russia
- Trump says he wants to meet North Korea's Kim again
