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://www.yamato-syokunin.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.
- Immigration deports 49 South Korean fugitives
- Court rules on subdivision open spaces, road lots
- DPWH engineer denies role in Bulacan flood control ‘ghost projects’
- 9 dead in Ecuador after bus plunges into ravine
- Japan pledges continued support for Philippine development projects
- Surfacing of WPS features ‘likely’ natural occurrence, not due to dumped crushed corals
- Harold Cabreros takes post as new OCD chief
- Super Sale: Pag-IBIG offers 40% off on foreclosed assets
- New DPWH chief Dizon: "A department can't investigate itself"
- House party leaders want to return proposed 2026 budget to Executive
