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
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://gyglfs.com
Budget shortfall narrows in July
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.
- Public Works Chief Vince Dizon demands courtesy resignations to 'clean house'
- Sen. Pangilinan Advocates for Credit-Worthy Farmers to Boost Agriculture Sector
- Over 800 killed as quake rocks Afghanistan
- No winner in Ultra, Megalotto draws for Sept 5
- Escudero urges list of unfundable projects for 2026 budget
- Pagasa monitors LPA off Cavite, may still become tropical depression
- Marcos willing to submit to a lifestyle check
- Lacson replaces Marcoleta as Blue Ribbon panel chairman
- US woman charged with registering her dog to vote
- Tensions soar in Indonesia as protests over police brutality and lawmakers' allowances continue
