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., This news data comes from:http://erlvyiwan.com
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.
- 25 countries suspend postal services to US over tariffs – UN
- Customs preparing report on Discayas’ 28 luxury cars
- Marcos signs law giving 99-year land lease to foreign investors
- 2 LPAs monitored inside PAR, bringing rain to Luzon
- North Korea test-fires two 'new' air defense missiles
- Protesters storm Discaya compound for second straight day
- LPA over West PH Sea develops into tropical depression, now called ‘Jacinto’ -- Pagasa
- Pagasa: Trough of LPA, 'habagat' will bring rain, thunderstorms across PH
- Marcos to create independent commission to investigate flood control anomalies
- Lacson: House can't return proposed 2026 budget to Palace
