MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday., This news data comes from:http://crpd-wfrf-ip-bs.yamato-syokunin.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.
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.
Budget shortfall narrows in July
- DILG to roll out nationwide unified 911 hotline on Sept. 11
- Judge reverses Trump administration's cuts of billions of dollars to Harvard University
- Japan PM Ishiba bounces back in polls after election debacle
- 9 dead in Ecuador after bus plunges into ravine
- Roxas matriarch, 91
- Strikes across Gaza Strip kill at least 31 as international scholars accuse Israel of genocide
- Sara mum, but brother thinks Torre removal due to PNP's 'internal conflicts'
- Afghanistan earthquake kills more than 800
- White House fires US health agency head after she refused to quit
- Israel city honors Quezon’s wartime rescue of Jews
