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://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.
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
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.
- House panel defers 2026 DPWH budget until agency submit changes
- Sara mum, but brother thinks Torre removal due to PNP's 'internal conflicts'
- Senate subpoenas 8 DPWH officials, contractors in flood control probe
- Israel military says controls 40 percent of Gaza City
- Palace hits Discayas over ‘misinformation’ on PH film center project
- COA probes Iqbal on spending of P1.7B in one day
- Marcos suspends importation of regular, well-milled rice for 60 days
- Pagasa sees two to four tropical cyclones hitting Philippines in September
- Philippine experts urge harm reduction strategy for tobacco control
- Cyclone's trough, habagat will bring cloudy skies, rain showers over PH
