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.
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., This news data comes from:http://ai-ddjw-ginw-tmca.gyglfs.com
- Lacson to Marcoleta: I don’t want a fight but I won’t back down from one
- DOTr denies ordering shutdown of online selling platforms
- Five journalists among 20 killed in Israeli strikes on Gaza hospital
- DPWH exec asked lawmaker to make budget insertions — Lacson
- Indonesia, US and allies launch joint military drills
- Zelenskyy seeks talks with Trump and European leaders on slow progress of peace efforts with Russia
- PH to host seafarers’ welfare forum
- PTFOMS and CHR sign agreement to improve Filipino media workers' safety
- Pag-IBIG: More than 25k register for socialized housing units under Expanded 4PH
- Thai cannabis-championing tycoon takes office as PM
