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., This news data comes from:http://www.771bg.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.
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.
- Lacson clears air over conflict with Marcoleta on flood control probe
- Gloria Arroyo files bill to empower Office of the Vice President
- House party leaders want to return proposed 2026 budget to Executive
- Floods kill over 30 in Indian-controlled Kashmir, displace 150,000 in east Pakistan
- ALPAS Consultancy bags five awards in Philippine Quill debut
- House panel defers 2026 DPWH budget until agency submit changes
- Metro Manila, rest of Luzon would be rainy due to ‘habagat’ —Pagasa
- Filipino member of AHOF K-pop group says Manila concert a dream come true
- Tensions soar in Indonesia as protests over police brutality and lawmakers' allowances continue
- Modi and Putin affirm special relationship as India faces steep US tariffs over Russian oil imports
