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

The Philippines' government budget deficit narrowed sharply to PHP 36.9 billion in September 2017 from PHP 75.3 billion in the same month a year earlier. Government revenues jumped by 20.6 percent year-on-year to PHP 200.1 billion while spending fell by 1.8 percent to PHP 237.0 billion. Year-to-date, the budget deficit decreased slightly to PHP 213.1 billion from PHP 213.7 billion in the same period of 2016. For 2017, the government targets a budget deficit of PHP 482.1 billion, or 3 percent of the country's GDP. Government Budget Value in Philippines averaged -4759.02 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
2017-08-23 05:30 AM Budget Balance PHP-50.5B PHP-90.9B PHP -60B
2017-09-22 08:50 AM Budget Balance PHP 28.8B PHP-50.5B PHP 28B
2017-10-23 09:30 AM Budget Balance PHP-36.9B PHP 28.8B PHP -80B
2017-11-23 09:00 AM Budget Balance PHP-36.9B 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 -36892.00 28808.00 80852.00 -118229.00 PHP Million [+]
Government Spending 217820.10 272477.33 272477.33 62728.31 PHP Million [+]
Government Revenues 200091.00 230408.00 246633.00 81.00 PHP Million [+]
Fiscal Expenditure 236983.00 201600.00 283555.00 107.00 PHP Million [+]
Credit Rating 53.12 [+]
Military Expenditure 3989.80 3335.60 3989.80 555.50 USD Million [+]

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 November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-36892.00 28808.00 80852.00 -118229.00 1959 - 2017 PHP Million Monthly
Current Prices, NSA

government budget value by Country
Country Last
Australia -9979.00 Sep/17
Brazil -53308.54 Sep/17
Canada -2587.00 Aug/17
China -118.80 Sep/17
France -76.26 Sep/17
Germany 9.83 Mar/17
India -4989.38 Sep/17
Indonesia -305229.70 Dec/16
Italy 2.90 Sep/17
Japan -99315.00 Jun/17
Mexico -42185.10 Sep/17
Netherlands -2.80 Jun/17
Russia -294.09 Oct/17
South Korea 17381.00 Aug/17
Spain -17028.00 Sep/17
Switzerland 1323.00 Dec/17
Turkey -3.35 Oct/17
United Kingdom -981.00 Oct/17
United States -63214.00 Oct/17