The government budget deficit in the Philippines increased to PHP 64.29 billion in October 2021 from PHP 61.36 billion in the same month a year earlier, amid the ongoing COVID-19 pandemic. Spending rose 9.6 percent to PHP 317.38 billion from PHP 289.57 billion a year ago while revenues advanced 10.9 percent to PHP 253.09 billion from PHP 228.21 billion. Considering the first ten months of the year, the budget deficit went up to PHP 1,203.39 billion from PHP 939.98 billion in the corresponding period of 2020. source: Bureau of the Treasury, Philippines
Government Budget Value in Philippines averaged -9809.84 PHP Million from 1959 until 2021, reaching an all time high of 86872 PHP Million in April of 2019 and a record low of -302590 PHP Million in December of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.
Government Budget Value in Philippines is expected to be -54000.00 PHP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Government Budget Value is projected to trend around -69000.00 PHP Million in 2022, according to our econometric models.