MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday.
Budget shortfall narrows in July
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.
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, This news data comes from:http://ttcr.gyglfs.com
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.
- PH, Australia hold live fire drills during ALON 2025 in Nueva Ecija
- Vico Sotto could challenge VP Sara in 2028 race – survey
- Some areas in Metro Manila, Bulacan to have brownouts due to maintenance work
- Pasig fire kills child, injures mother as she tries to save him
- House bill seeks to regulate AI use
- Sarah Discaya grilled by Senate over alleged DPWH links
- Vietnam marks 80th independence anniversary with huge parade
- International media protest over journalist deaths in Gaza
- Protesters storm Discaya office in Pasig to demand accountability for 'ghost flood control projects'
- Malabon shifts garbage disposal to Rizal landfill after Navotas closure
