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, This news data comes from:http://vs-na-cb-wt.gangzhifhm.com
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.
Budget shortfall narrows in July
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.
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.
- Public Works Chief Vince Dizon demands courtesy resignations to 'clean house'
- Discaya’s construction companies competed against each other during biddings
- EU massive fine against Google draws Trump’s ire
- Go seeks more support for Filipino athletes
- MMDA inks deal with DBM for G-3 program
- ALPAS Consultancy bags five awards in Philippine Quill debut
- Lawmaker linked to anomalous flood control projects in US for medical reasons, says House spokesman
- San Juan commemorates first revolution under Spanish rule in 129th Araw ng Pinaglabanan
- HEADLINES: 15 drug war victims cleared to join Duterte's ICC case | Sept. 7, 2025
- Thailand's suspended prime minister testifies over phone call that could get her booted from job
