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://www.yamato-syokunin.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.
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.
- Australia to tackle deepfake nudes, online stalking
- China displays its weaponry in a tightly controlled military parade
- Discayas to file raps vs protesters, will attend Senate hearing — lawyer
- ‘Gomez ignorant of how media works’
- DOE issues circular to consolidate electric vehicle recognition guidelines
- Marcos declares holidays for 2026
- Marcos secures business and government deals in Cambodia visit
- Pagasa monitors 2 LPAs inside PAR; prevailing 'habagat' brings rain across PH
- 13 massage therapists robbed, 2 cry rape
- Famed streetcar in Lisbon, Portugal, derails and crashes, killing 15 people
