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.
Budget shortfall narrows in July
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., This news data comes from:http://eeme-jb-xq-tau.aichuwei.com
Budget shortfall narrows in July
- Marcos declares holidays for 2026
- 100K Pakistanis flee amid flood threat
- Some National Guard units in Washington are now carrying firearms in escalation of Trump deployment
- Japan pledges continued support for Philippine development projects
- House probe tackles flood control corruption: Lawmakers disclose conflicts of interest
- Diokno urges Philippines to rejoin ICC to counter China's aggression
- Mexican senators come to blows after heated debate
- Marcos confers diplomatic merit award on two ambassadors
- Sotto willing to testify in Senate probe of flood control anomalies if summoned
- Fears of new political crisis grip France
