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.
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., This news data comes from:http://igwv.771bg.com
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.
- BIR to audit contractors flagged for ghost flood projects for tax fraud — BIR
- Comelec to open nearly two-year overseas voter registration for 2028 elections
- DICT grants amnesty to unregistered delivery firms
- La Niña forecast from Sept-Dec, expect more tropical cyclones, above normal rainfall -- Pagasa
- Navotas inks deal for school feeding project
- Public Works Chief Vince Dizon demands courtesy resignations to 'clean house'
- Red Cross head says mass evacuation of Gaza City 'impossible'
- Vico encourages citizens on Heroes’ Day to be brave
- Plea written in blood saves Chinese woman trapped in locked room
- Need a pee? Japan has QR code for that
