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
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., This news data comes from:http://www.xs888999.com
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.
Budget shortfall narrows in July
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.
- US senators to reinforce 'partnership' with Taiwan
- Judge reverses Trump administration's cuts of billions of dollars to Harvard University
- ICC postpones Duterte’s confirmation hearing after defense panel cites fitness concerns
- HEADLINES: 15 drug war victims cleared to join Duterte's ICC case | Sept. 7, 2025
- France seized by fears of new political crisis
- DoJ to begin preliminary investigation into missing cockfighting enthusiasts
- Social pension eyed for indigent seniors
- Construction managers, developers back Housing chief's anti-corruption advocacy
- Japan govt seeks to triple spending on drones
- DPWH fires Bulacan engineers, blacklists contractors over anomalous projects
