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, This news data comes from:http://www.erlvyiwan.com
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.
- Filipino fulfills dream of performing with K-pop group before home fans
- Five journalists among 20 killed in Israeli strikes on Gaza hospital
- Brawner orders troops: Stop China from boarding BRP Sierra Madre at all costs
- New law lets foreigner investors lease land for 99 years
- 'Strangest' dinosaur covered in spiked armory – scientists
- HEADLINES: 15 drug war victims cleared to join Duterte's ICC case | Sept. 7, 2025
- HFMD cases on the rise
- Immigration: 1st lookout bulletin in effect on 35 individuals, including Discayas, linked to anomalous flood control projects
- China is showing off its weaponry in a tightly controlled military parade
- Trump: Many Americans ‘like a dictator’
