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://rld.jyxingfa.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
- Thailand acting PM moves to dissolve parliament — party
- New DPWH chief Dizon: "A department can't investigate itself"
- House party leaders want to return proposed 2026 budget to Executive
- South Korea to ban mobile phones in school classrooms
- LPA may still develop into short-lived tropical cyclone
- Group: Register for free PhilHealth medicines
- Passenger with fake Overseas Employment Certificate barred from leaving
- Trough of LPA, ‘habagat’ will bring rain showers, thunderstorms across PH
- DPWH exec fired, 2 others face dismissal over flood control mess
- Bonoan freezes DPWH travel passes
