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.
Budget shortfall narrows in July, This news data comes from:http://www.jyxingfa.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.
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.
- 15 people hospitalized after double-decker bus crashes outside London's Victoria Station
- Hontiveros pushes P15,000 salary hike for teachers
- MMDA readies for FIVB men’s volleyball
- DILG suspends classes, gov’t work in 17 areas
- BuCor chief calls for major reforms
- Chinese sleeper agents' and PLA operatives a threat, Lacson warns
- President Marcos to attend 80th UN General Assembly in New York
- EU massive fine against Google draws Trump threat
- Escudero urges list of unfundable projects for 2026 budget
- IBP to form good governance panel
