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., This news data comes from:http://www.yamato-syokunin.com
Budget shortfall narrows in July
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.
- Israel ups pressure on Gaza City as Trump talks post-war plan
- House holds budget review with 21 civil society organizations
- Alex Eala makes history With comeback victory at US Open
- Putin facing mounting pressure from the West
- 'Perfect storm': UK fishermen reel from octopus invasion
- Indonesia's delayed new capital risks 'white elephant' status
- 25 countries suspend postal services to US over tariffs – UN
- HEADLINES: Lacson: DPWH exec sought ‘insertions’ | Sept. 8, 2025
- DPWH exec asked lawmaker to make budget insertions — Lacson
- DoJ to begin preliminary investigation into missing cockfighting enthusiasts
