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.705-888.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.
Budget shortfall narrows in July
- Marcos urged to raise WPS resolution at UN
- Search for survivors after Afghan earthquake kills 800
- HEADLINES: Lacson: DPWH exec sought ‘insertions’ | Sept. 8, 2025
- ICC clears applications of 15 drug war victims to join proceedings vs Duterte
- ERC amends net-metering rules to expand renewable energy options
- Tax bureau hunts down contractors over questionable flood control deals
- Thousands protest in Indonesia as military deployed in capital
- New judge to handle Dengvaxia cases named; hearing set
- More funding sought for sports commission
- 40% of Filipinos are now obese, says Health expert
