MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday., This news data comes from:http://xptc.erlvyiwan.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.
- Marcos inspects rock shed project in Benguet
- Trump rebrands Department of Defense as 'Department of War'
- No winner in Grand, Megalotto draws for Aug 27
- Surfacing of WPS features ‘likely’ natural occurrence, not due to dumped crushed corals
- Two dead as strong earthquake jolts Afghanistan
- Marcos orders lifestyle checks on all government officials amid flood control probe
- HEADLINES: 15 drug war victims cleared to join Duterte's ICC case | Sept. 7, 2025
- DPWH to revisit budget, to complete revisions within 2 weeks
- Super Sale: Pag-IBIG offers 40% off on foreclosed assets
- Pump prices go up
