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://umvo-tsnn-oks-bs.jyxingfa.com
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
- Batangas engineer suspended after alleged bribery attempt on congressman Leviste
- Israeli forces seize nearly 0,000 in West Bank raid
- 40% of Filipinos are now obese, says Health expert
- 100K Pakistanis flee amid flood threat
- Dizon to order DPWH officials to submit courtesy resignation
- DPWH chief rejects calls to resign as he vows to probe corruption in flood control projects
- No winner in Ultra, Megalotto draws for Sept 5
- Indonesia leader orders investigation into driver's protest death
- Lacson lauds Leviste for arrest of DPWH engineer who offered P360M bribe
- House panel defers 2026 DPWH budget until agency submits changes
