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://tlj-rtlm-rjcb-gcb.yamato-syokunin.com
Budget shortfall narrows in July
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 'ready' to undergo lifestyle check- Palace
- Metro Manila, rest of Luzon would be rainy due to ‘habagat’ —Pagasa
- Searchers retrieve bodies as Afghan quake toll seen to rise
- PH has chance of getting UNSC seat - Manalo
- Zelenskyy meets European leaders on Ukraine security guarantees
- Sara says govt corruption probe a 'zarzuela,' plans to meet Robredo im Bicol festival
- Metro Manila disaster agencies expand response areas in preparation for 'Big One'
- Public Works Chief Vince Dizon demands courtesy resignations to 'clean house'
- House panel defers 2026 DPWH budget until agency submit changes
- House holds budget review with 21 civil society organizations
