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
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.
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.
Budget shortfall narrows in July, This news data comes from:http://ya-cq-jmfp-nbn.yamato-syokunin.com
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.
- Vico encourages citizens on Heroes’ Day to be brave
- India to cut taxes on hundreds of consumer goods to boost local demand following steep US tariffs
- Surfacing of WPS features ‘likely’ natural occurrence, not due to dumped crushed corals
- Alice Guo faces new cases over POGO land
- Gomez-Estoesta named court administrator by Supreme Court
- Marcos to create independent commission to investigate flood control anomalies
- Nartatez relieves Fajardo as PNP spokesman
- PNP chief Torre relieved, Nartatez to take over
- Taylor Swift, Travis Kelce engaged
- Famed streetcar in Lisbon, Portugal, derails and crashes, killing 15 people
