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
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., This news data comes from:http://wa-xjjl-hstd-lt.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.
- Transport chief pushes shame campaign vs errant motorists
- Nartatez to reassign Torre if he won't retire, says they're 'okay'
- Oil firms to hike pump prices Tuesday
- House starts flood control probe
- Red Cross head says mass evacuation of Gaza City 'impossible'
- LTO summons driver who berated MMDA enforcer
- Israel military says controls 40 percent of Gaza City
- Recto: No exemption for US tech firms from digital tax
- HEADLINES: Lacson: DPWH exec sought ‘insertions’ | Sept. 8, 2025
- Konektadong Pinoy bill lapses into law
