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.
- San Juan commemorates first revolution under Spanish rule in 129th Araw ng Pinaglabanan
- DoTr seeks higher budget for 2026, requests P531B amid cuts
- Australia expels Iran ambassador over antisemitic attacks
- Globe: Mobile data helps drive national progress
- Evicted from their forests, Kenyan hunter-gatherers fight for their rights
- Putin tells Xi China-Russia ties are at 'unprecedented level'
- Bersamin letter proves Torre reassignments ‘valid’
- LBC Express Holdings top executive to retire in Oct.
- Comelec delays implementation of decision disqualifying Duterte Youth Party-List
- COA launches sweeping audit of flood control projects
