Nat’l gov’t budget deficit eases in July 2023
Nat’l gov’t budget deficit eases in July 2023
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00:00 The national government's budget deficit improved in the month of July, the Bureau of the Treasury
00:05 reports.
00:06 Last year, the Php 86.8 billion deficit went down to Php 47.8 billion this July following
00:13 the growth in government revenue.
00:15 The agency reports a 33.4 percent growth in the July revenue collection, translating to
00:21 nearly Php 412 billion after an improved tax and non-tax collections.
00:26 Meanwhile, the national government expenditure was pegged at Php 459 billion this year, marking
00:32 a 16 percent growth from last year.
00:36 This following a higher recorded disbursement from the DSWD for its social protection programs
00:42 and the DOH and DA for their health and agriculture programs.