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://tkafmf.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.
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.
- Former president Duterte's health stable despite high blood sugar, says VP Sara
- Motive probed for US shooting that killed two children, injured 17
- Dial 911: New nationwide emergency hotline to go live on Sept. 11
- Palestinian Embassy echoes PH appeal for ceasefire in Gaza
- Russian drone, missile attack kills 14, injured 48 in Kyiv
- Nartatez vows to be fair in making reassignments
- Read to reduce sentence, Uzbekistan tells prisoners
- Marcos signs law giving 99-year land lease to foreign investors
- DILG to roll out nationwide unified 911 hotline on Sept. 11
- China 'elephant in the room' at fraught Pacific Islands summit
