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://redcanaco.com
Budget shortfall narrows in July
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.
- Drug war whistleblower Royina Garma returns to PH after US detention
- Israeli strikes in Yemen's capital kill six, Houthis say
- Marcos signs mining tax regime law
- Lookout bulletins out vs Atong Ang, Barretto
- 'Large shark' kills man off Sydney beach
- Gloria Arroyo files bill to empower Office of the Vice President
- House panel defers 2026 DPWH budget until agency submit changes
- Pakistanis no reprieve from floods yet
- Ever dream of having an entry in the Guinness World Records? Here's how to do it
- La Niña may return but temperatures will remain high, UN says
