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Deficit,
July 25, 2025
|Business World Philippines
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Income from other offices also dropped by 73.04% to P10.7 billion in June.
Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said the budget deficit in June was the widest in three months since March.
"Budget deficits could increase the need for additional borrowings from a cash flow perspective," he said.
FIRST-HALF GAP
In the first six months of the year, the NG budget deficit widened by 24.69% to P765.5 billion from the P613.9-billion gap last year.
The BTr said the budget deficit remained relatively within target as it was 0.63% above the programmed P760.7 billion for the first half.
Revenue collection in the first half increased by 5.15% to P2.26 trillion from P2.15 trillion in the same period in 2024. This was 0.89% lower than the programmed P2.28 trillion for the six-month period.
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