Philippines Government Budget Value  1959-2018 | Data | Chart | Calendar

The Philippine government's budget deficit widened to PHP 61.7 billion in February 2018 from PHP 23.7 billion in the same month of the previous year. Government spending rose 36.9 percent to PHP 240.3 billion from PHP 175.6 billion a year ago while revenues increased at a softer 17.6 percent to PHP 178.5 billion from PHP 151.8 billion. In the first two months of the year, the budget gap widened to PHP 51.5 billion from PHP 21.5 billion in the same period of 2017. For 2018 full year, 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 last year. Government Budget Value in Philippines averaged -4991.86 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.

Philippines Government Budget Value
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Calendar GMT Actual Previous Consensus TEForecast
2018-02-27 02:00 AM Budget Balance PHP-107.1B PHP-8.6B PHP -17.1B
2018-03-23 02:50 AM Budget Balance PHP10.2B PHP-107.1B PHP -11.3B
2018-04-11 09:15 AM Budget Balance PHP-61.7B PHP10.2B
2018-04-24 02:00 AM Budget Balance PHP-61.7B PHP -54B
2018-05-23 02:00 AM Budget Balance PHP -54B
2018-06-25 02:00 AM Budget Balance PHP -28.5B

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 -61734.00 10191.00 80852.00 -118229.00 PHP Million [+]
Government Spending 214325.64 217820.10 272460.78 62728.31 PHP Million [+]
Government Revenues 178535.00 238898.00 246633.00 81.00 PHP Million [+]
Fiscal Expenditure 240269.00 228707.00 330240.00 107.00 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 April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-61734.00 10191.00 80852.00 -118229.00 1959 - 2018 PHP Million Monthly
Current Prices, NSA

government budget value by Country
Country Last
Australia 9392.00 Feb/18
Brazil -45806.15 Feb/18
Canada 167.00 Jan/18
China -182.60 Feb/18
France -28.48 Feb/18
Germany 70.64 Sep/17
India -7156.99 Feb/18
Indonesia -347356.70 Dec/17
Italy -0.35 Feb/18
Japan -49945.00 Dec/17
Mexico -47385.23 Feb/18
Netherlands 1.00 Dec/17
Russia 344.35 Mar/18
South Korea 877.00 Feb/18
Spain -10121.00 Feb/18
Switzerland 1373.00 Dec/18
Turkey -4665865.00 Feb/18
United Kingdom 4575.00 Feb/18
United States -208743.00 Mar/18