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://www.052298.com
Budget shortfall narrows in July
- Pagasa monitors LPA off Cavite, may still become tropical depression
- Marcos orders full budget review for DPWH amid ghost projects scandal
- Argentina hunts Nazi-looted painting revealed in property ad
- Humanoid robots showcase skills at Ancient Olympia. But they're on a long road to catch up to AI
- Pagasa sees two to four tropical cyclones hitting Philippines in September
- Famed streetcar in Lisbon, Portugal, derails and crashes, killing 15 people
- 20 people missing after deadly Indonesia protests
- Comelec: Postponed village, youth elections not in 2026 budget
- UN food agency chief says women and children are starving in Gaza and pressed Netanyahu on aid
- House starts flood control probe
