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.
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, This news data comes from:http://jyxingfa.com
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.
- New mining law to balance profit, ecology
- Pope Leo XIV to Israeli president: 2-state solution needed to end Gaza war
- Iran confers with European nations on its nuclear program as sanctions deadline nears
- Lacson to govt: Protect education budget
- Marcos opens Hyundai's shipyard in PH
- Israel ups pressure on Gaza City as Trump talks post-war plan
- Government work, classes on Tuesday suspended due to bad weather
- China 'unstoppable', says Xi with Kim, Putin at his side
- PNP chief leads fun run
- DPWH to revisit budget, to complete revisions within 2 weeks
