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., This news data comes from:http://fkj-pl-rug-scmm.gyglfs.com
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.
- Australia halts logging for koala haven on eastern coast
- ₱1.7M shabu seized in Taguig buy-bust
- Ukraine says Russia linked to lawmaker's killing
- Australia's 'mushroom murderer' handed life in prison with parole
- Marcos Jr. seeks 'fair, impartial' Ombudsman - Palace
- HEADLINES: 15 drug war victims cleared to join Duterte's ICC case | Sept. 7, 2025
- Judge reverses Trump administration's cuts of billions of dollars to Harvard University
- N. Korea test-fires two 'new' air defense missiles
- Peace efforts in limbo as Kyiv mourns 23 dead
- Shooting of Indonesian diplomat in Peru investigated as a contract killing
