MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday.
Budget shortfall narrows in July, This news data comes from:http://ef-exb-urih-gj.771bg.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.
Budget shortfall narrows in July
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.
- Thai tycoon takes office as PM after royal endorsement
- Marcos names acting Ombudsman
- Tokyo logs record 10 days of 35 C or higher
- Trump plans a hefty tax on imported drugs, risking higher prices and shortages
- 15 drug war victims cleared to join Duterte's ICC case
- China to bolster non-Western alliances at summit, parade
- Marcos declares holidays for 2026
- India will not 'bow down,' trade minister says after US tariffs
- Thai court dismisses prime minister over compromising phone call with Cambodian leader
- Australia government condemns anti-immigration rally in Sydney
