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://cit-fyv-ok-qpg.yamato-syokunin.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.
- DoTr seeks higher budget for 2026, requests P531B amid cuts
- Palestinian Embassy echoes PH appeal for ceasefire in Gaza
- China to bolster non-Western alliances at summit, parade
- Israeli forces seize nearly 0,000 in West Bank raid
- Lacson to give Dizon 'damning' proof vs DPWH 'rotten fruits'
- President Marcos to attend 80th UN General Assembly in New York
- Bureau of Customs seeks missing luxury cars of contractor Sarah Discaya
- Marcos names acting Ombudsman
- Ukraine drone attacks spark fires at Russia's Kursk nuclear plant, Novatek's Ust-Luga terminal.
- Tokyo logs record 10 days of 35 C or higher
