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.
Budget shortfall narrows in July
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., This news data comes from:http://mo-au-stgm-us.705-888.com
Budget shortfall narrows in July
- China to bolster non-Western alliances at summit, parade
- 25,000 Filipinos register for Pag-IBIG's Expanded 4PH Housing Program
- Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam
- Argentine police recover Nazi-looted painting spotted in property ad
- Magnitude 5.1 earthquake rattles Surigao del Sur
- Thailand’s next PM reaffirms fresh polls promise
- Marcos declares holidays for 2026
- Dizon asks DOJ to issue immigration lookout bulletin to 26 DPWH officials and contractors
- Venezuela builds up border security over US warships
- Nartatez vows to be fair in making reassignments
