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.
Budget shortfall narrows in July
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., This news data comes from:http://oxrypaq.gyglfs.com
- HEADLINES: DPWH fires Bulacan engineers, blacklists contractors over anomalous projects | Sept. 5, 2025
- Islamic State claims deadly attack on Pakistan rally
- Israel military says controls 40 percent of Gaza City
- Marcos lauds Alex Eala’s win in Guadalajara
- Israeli protesters call for hostage deal ahead of cabinet meeting
- Ukraine's children start new school year in underground classrooms to avoid Russian bombs
- Diokno urges Philippines to rejoin ICC to counter China's aggression
- Xi and Putin's hot mic moment: How long will science extend the human life span?
- India warns Pakistan of more cross-border flooding due to heavy monsoon rains
- House committee subpoenas Sarah Discaya, 4 other contractors over flood control project anomalies
