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
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://yamato-syokunin.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.
- DoTr seeks higher budget for 2026, requests P531B amid cuts
- Oil firms to hike pump prices Tuesday
- GoTyme gives customers 20 free InstaPay transfers per month
- PH Navy spots 20 Chinese ships near BRP Sierra Madre
- Major road closures in Manila announced for 2025 Bar Examinations
- Thailand acting PM moves to dissolve parliament — party
- Boy killed, mother injured in Pasig fire
- Pagasa sees cyclone-free week across PH
- Trump threatens Russia with sanctions after biggest aerial attack on Ukraine
- BuCor chief calls for major reforms
