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://fat.gyglfs.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.
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
- Go Negosyo, CFO push migrant empowerment
- Gloria Arroyo files bill to empower Office of the Vice President
- Group presses DA on delayed fertilizer subsidies
- PH, Japan conduct search and rescue exercises
- Google to obey South Korean order to blur satellite images on maps
- Cusi charged over Malampaya deal
- Philippines nears universal healthcare, 80% goal achieved -- Marcos
- Philippine experts urge harm reduction strategy for tobacco control
- SSS hails Marcos, Recto for initiating pension reforms, including one to be rolled out in Sept
- Appointments panel holds first session
