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.
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://www.052298.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.
Budget shortfall narrows in July
- Thailand's suspended prime minister testifies over phone call that could get her booted from job
- HEADLINES: DPWH fires Bulacan engineers, blacklists contractors over anomalous projects | Sept. 5, 2025
- Dizon to abolish DPWH internal special investigation team created to look into the flood control anomalies
- Thailand set for vote on new PM after dissolution bid rejected
- Lacson: DPWH exec sought ‘insertions’
- Nepal to block unregistered social media platforms – govt
- South Korean President vows support to Koreans arrested in US immigration raid
- Go seeks more support for Filipino athletes
- Putin and Modi in China for summit hosted by Xi
- Workers urge Marcos to stop corruption by banning political dynasties
