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., This news data comes from:http://iplr.aichuwei.com
Budget shortfall narrows in July
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
- Pagasa: Trough of LPA, 'habagat' will bring rain, thunderstorms across PH
- UN food agency chief says women and children are starving in Gaza and pressed Netanyahu on aid
- MPD announces road closures for Bar exams
- DILG suspends classes, gov’t work in 17 areas
- PNP chief supports lowering age of discernment
- Hawaii's Kilauea volcano erupts with lava pouring out from multiple vents
- ‘Large shark’ kills man off Sydney beach
- HEADLINES: DPWH fires Bulacan engineers, blacklists contractors over anomalous projects | Sept. 5, 2025
- Ukraine eyes defense deal with PH that includes co-production of drones, says envoy
- Widespread flooding in Quezon City due to heavy rains, stranding commuters, rendering most roads impassable to vehicles
