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., This news data comes from:http://052298.com
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
- ALPAS Consultancy bags five awards in Philippine Quill debut
- MMDA inks deal with DBM for G-3 program
- Bonoan freezes DPWH travel passes
- Leviste files charges against DPWH engineer who tried to bribe him
- House committee subpoenas Sarah Discaya, 4 other contractors over flood control project anomalies
- Israel ups pressure on Gaza City
- US approves .5M in assistance to Nigeria to help address hunger
- Metro Manila, rest of Luzon would be rainy due to ‘habagat’ —Pagasa
- DPWH exec fired, 2 others face dismissal over flood control mess
- Australia halts logging for koala haven on eastern coast
