Philippines Government Budget Value  1959-2017 | Data | Chart | Calendar

The Philippines registered a government budget deficit of PHP 50.5 billion in July of 2017, compared to a PHP 50.7 billion gap in the same month a year earlier. Government spending increased by 11 percent year-on-year to PHP 245.1 billion while revenues rose at a faster 14 percent to PHP 194.6 billion. For 2017, the government targets a budget deficit of PHP 482.1 billion, or 3 percent of the country's GDP. In 2016, government budget gap stood at PHP 353.4 billion, below its ceiling of PHP 388.9 billion. Government Budget Value in Philippines averaged -4761.06 PHP Million from 1959 until 2017, reaching an all time high of 80852 PHP Million in April of 2014 and a record low of -118229 PHP Million in December of 2016.

Philippines Government Budget Value
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Calendar GMT Actual Previous Consensus TEForecast
2017-06-23 05:30 AM Budget Balance PHP-33.4B PHP52.8B PHP -20B
2017-07-24 03:30 AM Budget Balance PHP-90.9B PHP-33.4B PHP -76B
2017-08-23 05:30 AM Budget Balance PHP-50.5B PHP-90.9B PHP -60B
2017-09-22 05:30 AM Budget Balance PHP-50.5B PHP 28B
2017-10-31 12:30 AM Budget Balance PHP -80B
2017-11-30 12:30 AM Budget Balance PHP -9B

Philippines Government Last Previous Highest Lowest Unit
Government Debt to GDP 42.10 45.05 74.90 42.10 percent [+]
Government Budget -2.40 -0.90 1.00 -5.30 percent of GDP [+]
Government Budget Value -50512.00 -90873.00 80852.00 -118229.00 PHP Million [+]
Government Spending 272477.33 207403.08 272477.33 62728.31 PHP Million [+]
Government Revenues 194621.00 179800.00 246633.00 81.00 PHP Million [+]
Fiscal Expenditure 245133.00 270700.00 283555.00 107.00 PHP Million [+]
Military Expenditure 3989.80 3335.60 3989.80 555.50 USD Million [+]
Credit Rating 53.12 [+]

Philippines Government Budget Value

The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides the latest reported value for - Philippines Government Budget Value - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Philippines Government Budget Value - actual data, historical chart and calendar of releases - was last updated on September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-50512.00 -90873.00 80852.00 -118229.00 1959 - 2017 PHP Million Monthly
Current Prices, NSA

government budget value by Country

Australia 6165.00 May/17
Brazil -44620.00 Jul/17
Canada 16.00 Jun/17
China 17.70 Jul/17
France -83.84 Jul/17
Germany 9.83 Mar/17
India -5048.96 Jul/17
Indonesia -305229.70 Dec/16
Italy 1.89 Jul/17
Japan 17171.00 Mar/17
Mexico -22563.00 Jul/17
Netherlands -2.80 Jun/17
Russia -423.71 Jul/17
South Korea 4115.00 Jun/17
Spain -21604.00 Jul/17
Switzerland 1323.00 Dec/17
Turkey -0.87 Aug/17
United Kingdom 3972.00 Jul/17
United States -107689.00 Aug/17