MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday., This news data comes from:http://me.ycyzqzxyh.com
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.
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.
Budget shortfall narrows in July
- HEADLINES: Lacson: DPWH exec sought ‘insertions’ | Sept. 8, 2025
- Manila Water announces service disruption for over 12K households in Mandaluyong due to leak repair
- Plea written in blood saves Chinese woman trapped in locked room
- Cebu Pacific to launch direct flights between Cebu and Palawan
- US appeals court blocks Trump's use of wartime law for deportations
- Marcos signs mining tax regime law
- LPA has big chance of intensifying into tropical cyclone to be named ‘Kiko’
- Aftershocks rumble quake-hit Afghanistan as death toll tops 1,400
- ‘Lannie’ to bring rain over NLuzon, southwest monsoon to affect Metro Manila, Calabarzon, Mimaropa —Pagasa
- Eight towns in Cotabato cancel classes on Monday
