Budget deficit narrows in July, says treasury

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THE Philippine government’s budget deficit narrowed in July from 2016 and from June, pulling the year-to-date tally to fall short of the target set for the month despite growth in revenue collections and expenditures.

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The deficit hit P50.5 billion in July, marginally easing by 0.3 percent from a P50.7 billion gap a year earlier, data from the Bureau of the Treasury showed on Wednesday.

The gap was smaller by 44 percent from P90.9 billion in June. MAYVELIN U. CARABALLO

 

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