Government Spending in Philippines increased to 563543.97 PHP Million in the first quarter of 2020 from 280571.37 PHP Million in the fourth quarter of 2019.

Government Spending in Philippines averaged 124248.91 PHP Million from 1981 until 2020, reaching an all time high of 563543.97 PHP Million in the first quarter of 2020 and a record low of 62728.31 PHP Million in the first quarter of 1986. This page provides - Philippines Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Government Spending - values, historical data and charts - was last updated on August of 2020. source: National Statistics Office of Philippines

Government Spending in Philippines is expected to be 274861.00 PHP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Philippines to stand at 605810.00 in 12 months time. In the long-term, the Philippines Government Spending is projected to trend around 308396.00 PHP Million in 2021 and 328133.00 PHP Million in 2022, according to our econometric models.

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Philippines Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
563543.97 280571.37 563543.97 62728.31 1981 - 2020 PHP Million Quarterly
Constant Prices, NSA

Philippines Government Last Previous Highest Lowest Unit
Government Debt to GDP 41.50 41.80 74.90 41.50 percent [+]
Government Budget -3.50 -3.20 1.00 -5.30 percent of GDP [+]
Government Budget Value 1766.00 -202136.00 86872.00 -273881.00 PHP Million [+]
Government Spending 563543.97 280571.37 563543.97 62728.31 PHP Million [+]
Government Revenues 350977.00 151493.00 350977.00 81.00 PHP Million [+]
Fiscal Expenditure 349211.00 353629.00 494389.00 107.00 PHP Million [+]
Military Expenditure 3753.00 3755.00 4223.00 513.00 USD Million [+]
Credit Rating 61.00 [+]


Philippines Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.