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://veob.gyglfs.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.
Budget shortfall narrows in July
- One in four people lack access to safe drinking water – UN
- Pagasa: Trough of LPA, 'habagat' will bring rain, thunderstorms across PH
- A suicide bombing near a political rally in southwestern Pakistan kills 13 and wounds 30
- Lacson to govt: Protect education budget
- No winner in Ultra, Megalotto draws for Sept 5
- Diokno urges Philippines to rejoin ICC to counter China's aggression
- LPA may still develop into short-lived tropical cyclone
- Fire breaks out in Manila residential area
- Marcos orders 'sweeping review' of DPWH budget under 2026 NEP
- Vietnam marks 80th independence anniversary with huge parade
