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.
Budget shortfall narrows in July, This news data comes from:http://www.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.
- Construction managers, developers back Housing chief's anti-corruption advocacy
- Pope Leo XIV to Israeli president: 2-state solution needed to end Gaza war
- Israel military says controls 40 percent of Gaza City
- Government work, classes on Tuesday suspended due to bad weather
- No winner in lotto draws for Aug 30
- 2028 polls overseas voter registration opens in Dec
- Harold Cabreros takes post as new OCD chief
- Most Filipinos distrust China, see it as biggest threat — OCTA survey
- Heavy rains flood parts of Metro Manila anew
- Thai Court: PM Shinawatra violated ethics rules
