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.
Budget shortfall narrows in July, This news data comes from:http://aichuwei.com
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.
Budget shortfall narrows in July
- 4 policemen linked to sabungero case slapped with more administrative cases
- Senate cites former Bulacan assistant district engineer in contempt
- HEADLINES: Lacson: DPWH exec sought ‘insertions’ | Sept. 8, 2025
- Russia hits seat of Ukraine government in war's biggest air attack
- 'Large shark' kills man off Sydney beach
- LGBTQ+ Catholics make Holy Year pilgrimage to Rome and celebrate a new sense of acceptance
- MMDA unveils plan to build rainwater impounding facilities in Camp Aguinaldo
- Tokyo logs record 10 days of 35 C or higher
- PH has chance of getting UNSC seat - Manalo
- DPWH engineer denies role in Bulacan flood control ‘ghost projects’
