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., This news data comes from:http://www.ycyzqzxyh.com
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.
- Magnitude 5.1 earthquake rattles Surigao del Sur
- Some National Guard units in Washington are now carrying firearms in escalation of Trump deployment
- LTO told to summon 2 DPWH engineers with fake driver’s license
- President Marcos Jr. visits Cambodia to strengthen ties
- Laws signed on holidays, court branches
- MMDA inks deal with DBM for G-3 program
- PNP chief Torre relieved, Nartatez to take over
- 2028 polls overseas voter registration opens in Dec
- Globe partners with unconnected.org to provide remote schools with sustainable internet connectivity
- EU massive fine against Google draws Trump’s ire
