MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday.
Budget shortfall narrows in July, This news data comes from:http://www.aichuwei.com
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.
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.
- Support grows for independent probe into flood control projects
- Metro Manila disaster agencies expand response areas in preparation for 'Big One'
- Comelec defers BARMM district reconstitution
- Can a giant seawall save Indonesia's disappearing coast?
- Immigration: 1st lookout bulletin in effect on 35 individuals, including Discayas, linked to anomalous flood control projects
- Most Filipinos distrust China, see it as biggest threat — OCTA survey
- 1 in 4 people lack access to safe drinking water — UN
- Trump move to cut more foreign aid risking shutdown
- Israel army urges Gaza City residents to leave
- China is showing off its weaponry in a tightly controlled military parade
