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, This news data comes from:http://eddm-qo-rcw-itvd.jyxingfa.com
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.
- Japan PM decides to quit as opponents seek leadership election
- Marcos wants subpoena power for body investigating flood projects
- Diokno urges Philippines to rejoin ICC to counter China's aggression
- Israel ups pressure on Gaza City as Trump talks post-war plan
- France seized by fears of new political crisis
- Palace hits Discayas over ‘misinformation’ on PH film center project
- ‘Large shark’ kills man off Sydney beach
- Red Cross head says mass evacuation of Gaza City 'impossible'
- House panel defers 2026 DPWH budget until agency submits changes
- Marcos willing to submit to a lifestyle check
