The government budget deficit in the Philippines widened sharply to PHP 39.1 billion in November 2018 from PHP 8.6 billion in the same month of the previous year. Spending jumped 18.5 percent to PHP 298.8 billion from PHP 252.1 billion a year ago, while revenues went up at a softer 6.7 percent to PHP 259.7 billion from PHP 243.5 billion. Considering January to November, the budget gap soared to PHP 477.2 billion from PHP 243.5 billion in the corresponding period of 2017. For 2018, the government has programmed a budget deficit of PHP 523.6 billion, or 3 percent of GDP, up from the PHP 350.6 billion deficit recorded a year earlier. Government Budget Value in Philippines averaged -5521.41 PHP Million from 1959 until 2018, 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.

Government Budget Value in Philippines is expected to be -82000.00 PHP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in Philippines to stand at 13000.00 in 12 months time. In the long-term, the Philippines Government Budget Value is projected to trend around -87000.00 PHP Million in 2020, according to our econometric models.

Philippines Government Budget Value
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-24 06:00 AM Budget Balance PHP-2.6B PHP-86.4B PHP -29B
2018-10-22 07:00 AM Budget Balance PHP-96.2B PHP-2.6B PHP 22B
2018-11-26 02:30 AM Budget Balance PHP-59.9B PHP-96.2B PHP -29B
2018-12-27 07:00 AM Budget Balance PHP-39.1B PHP-59.9B PHP 3B
2019-02-25 02:00 AM Budget Balance PHP-39.1B PHP -82B
2019-03-23 02:50 AM Budget Balance
2019-04-22 09:15 AM Budget Balance

Philippines Government Last Previous Highest Lowest Unit
Government Debt to GDP 42.10 42.10 74.90 42.10 percent [+]
Government Budget -2.20 -2.40 1.00 -5.30 percent of GDP [+]
Government Budget Value -39118.00 -59865.00 80852.00 -118229.00 PHP Million [+]
Government Spending 250174.31 308024.77 308024.77 62728.31 PHP Million [+]
Government Revenues 259702.00 246762.00 307558.00 81.00 PHP Million [+]
Fiscal Expenditure 298820.00 306627.00 330240.00 107.00 PHP Million [+]
Credit Rating 53.12 [+]
Military Expenditure 4507.80 3721.60 4507.80 541.70 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-39118.00 -59865.00 80852.00 -118229.00 1959 - 2018 PHP Million Monthly
Current Prices, NSA

Country Last Previous
Argentina -135316.20 Dec/18
Australia 6068.00 Nov/18
Brazil -50631.00 Nov/18
Canada -1113.00 Oct/18
China -286.50 Nov/18
France -95.64 Nov/18
Germany 36.06 Jun/18
India -7166.25 Dec/18
Indonesia -259900.00 Dec/18
Italy -10.40 Nov/18
Japan -60963.00 Sep/18
Mexico -40905.70 Nov/18
Netherlands -8.90 Sep/18
Russia 3394.30 Nov/18
Saudi Arabia -238494.00 Dec/17
Singapore 534.00 Nov/18
South Africa -13966.00 Nov/18
South Korea 37409.00 Nov/18
Spain -12378.00 Nov/18
Switzerland 2176.00 Dec/19
Turkey 5198837.00 Nov/18
United Kingdom -3181.00 Nov/18
United States -205000.00 Nov/18