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.
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://wi-lepd-yoqh-of.aichuwei.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.
- House suspends DPWH budget deliberations pending submission of changes by agency, DBM
- Some National Guard units in Washington are now carrying firearms in escalation of Trump deployment
- Magnitude 5.1 earthquake rattles Surigao del Sur
- North Korean leader inspects new missile factory ahead of visit to China
- House panel defers 2026 DPWH budget until agency submits changes
- 20 people missing after deadly Indonesia protests
- Construction managers, developers back Housing chief's anti-corruption advocacy
- DILG suspends classes, gov’t work in 17 areas
- Filipino fulfills dream of performing with K-pop group before home fans
- Customs recovers 10 more Discaya luxury cars
