MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday.
Budget shortfall narrows in July
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.
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., This news data comes from:http://aorv.gangzhifhm.com
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.
- Motive probed for US shooting that killed two children, injured 17
- Protesters storm Discaya office in Pasig to demand accountability for 'ghost flood control projects'
- HEADLINES: 15 drug war victims cleared to join Duterte's ICC case | Sept. 7, 2025
- Mandela grandson says he will join Gaza aid boat
- Sen. Go calls for round-the-clock DFA support for OFWs welfare
- Heavy rains flood parts of Metro Manila anew
- Nepali court: Hindu holy men's nudity not obscene
- Sen. Bong Go files bill for better health worker protection, benefits
- Lacson: DPWH exec sought ‘insertions’
- Marcos orders lifestyle checks on all government officials amid flood control probe
