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., This news data comes from:http://dbrqbchl.jyxingfa.com
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.
- Bonoan resigned due to command responsibility — Marcos
- San Juan commemorates first revolution under Spanish rule in 129th Araw ng Pinaglabanan
- Pangilinan urges Marcos Jr. to prioritize bill aiding farmers, fishermen
- Comelec upholds cancelation of Duterte Youth registration
- President asks governor to expose irregularities in govt projects
- Majority of Filipinos unaware of vote buying in 2025 elections, OCTA survey shows
- Discaya says her family owns nine companies
- SSS hails Marcos, Recto for initiating pension reforms, including one to be rolled out in Sept
- House panel defers 2026 DPWH budget until agency submit changes
- Leviste files charges against DPWH engineer who tried to bribe him
