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, This news data comes from:http://xhau-ob-hx-chq.jyxingfa.com
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.
- Gomez-Estoesta named court administrator by Supreme Court
- HEADLINES: DPWH fires Bulacan engineers, blacklists contractors over anomalous projects | Sept. 5, 2025
- Indonesia hosts annual US-led combat drills with Indo-Pacific allies
- IBP forms committee on good governance to probe corruption
- Marcos names acting Ombudsman
- Philippine experts urge harm reduction strategy for tobacco control
- PCG seeks to expand drone use to maritime patrols, law enforcement
- PH eyes global partners in biggest railway project
- Drones take on Everest's garbage
- Most Filipinos distrust China, see it as biggest threat — OCTA survey
