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://lciaqbih.ycyzqzxyh.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.
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.
- PH, Australia hold live fire drills during ALON 2025 in Nueva Ecija
- PH Navy spots 20 Chinese ships near BRP Sierra Madre
- Cambodia MPs pass law allowing stripping of citizenship
- Metro Manila, rest of Luzon would be rainy due to ‘habagat’ —Pagasa
- DMW: 19 distressed OFWs return home from Jeddah
- Fears of new political crisis grip France
- Surfacing of WPS features ‘likely’ natural occurrence, not due to dumped crushed corals
- 15 companies vie for 'Sustainability Champions' award
- CBCP president urges Israel to stop military operations in Gaza
- Sen. Go calls for round-the-clock DFA support for OFWs welfare
