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
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://771bg.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.
- Wife and ally of ousted SKorean president indicted by special prosecutors
- Lacson lauds Leviste for arrest of DPWH engineer who offered P360M bribe
- DILG denies claims ex-PNP chief ousted over firearms purchase
- Pagasa: Rainy Monday over Visayas, Luzon areas due to LPA, 'habagat'
- No winner in lotto draws for Aug 28
- Japanese volunteers to PH 'bedrock' of bilateral relations, says envoy
- DMW, pharmaceutical firm sign agreement to boost access to medicines, hospital services for OFWs, families
- 'Strangest' dinosaur covered in spiked armory – scientists
- Marcos declares holidays for 2026
- Motive probed for US church shooting that killed 2 children, injured 17
