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., This news data comes from:http://www.771bg.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.
- Japan pledges continued support for Philippine development projects
- Unnamed skeletons? US museum at center of ethical debate
- Discaya’s construction companies competed against each other during biddings
- Thai tycoon takes office as PM after royal endorsement
- Navotas inks deal for school feeding project
- PH to host seafarers’ welfare forum
- HEADLINES: 15 drug war victims cleared to join Duterte's ICC case | Sept. 7, 2025
- DPWH told to build evacuation centers
- DoJ to begin preliminary investigation into missing cockfighting enthusiasts
- Artikulo Onse' group calls for independent panel to probe flood control corruption
