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://wmwi-kpr-su-mecv.aichuwei.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.
- Marcos thumbs down return of proposed 2026 budget to Malacañang
- Labubu fans flock to stores after launch of mini dolls
- Taylor Swift, Travis Kelce engaged
- Lacson replaces Marcoleta as Blue Ribbon panel chairman
- Galvez to MILF: Resolve divisions, protect Bangsamoro peace gains
- Major road closures in Manila announced for 2025 Bar Examinations
- Cusi charged over Malampaya deal
- Marcos approves EO for commission to probe flood project anomalies
- Heavy rain causes flooding, landslides and 8 deaths in Vietnam and Thailand
- LGBTQ+ Catholics make Holy Year pilgrimage to Rome and celebrate a new sense of acceptance
