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://705-888.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.
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.
Budget shortfall narrows in July
- Legarda pushes Magna Carta of Waste Workers
- Protesters storm Discaya compound, Sotto calls for calm
- Metro Manila disaster agencies expand response areas in preparation for 'Big One'
- Most Filipinos distrust China, see it as biggest threat — OCTA survey
- House committee subpoenas Sarah Discaya, 4 other contractors over flood control project anomalies
- SKorea’s Lee in Tokyo to show friendship
- House panel defers 2026 DPWH budget until agency submits changes
- New judge to handle Dengvaxia cases named; hearing set
- US appeals court finds Trump's global tariffs illegal
- Repairs on Chinese ship in Bajo de Masinloc collision may take 2 months - PH Navy
