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://wi-dyvs-kpsy-xppa.redcanaco.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.
- ‘Lannie’ to bring rain over NLuzon, southwest monsoon to affect Metro Manila, Calabarzon, Mimaropa —Pagasa
- SEARCH WARRANT
- Hawaii's Kilauea volcano erupts with lava pouring out from multiple vents
- Giovanni Lopez pledges to continue and expand DOTr reforms
- PH eyes global partners in biggest railway project
- Gaza at 'breaking point,' says UN food agency chief after visit
- India will not 'bow down,' trade minister says after US tariffs
- Marcos orders full budget review for DPWH amid ghost projects scandal
- Majority of Filipinos unaware of vote buying in 2025 elections, OCTA survey shows
- Marcos signs laws creating more court branches
