Government Spending in Philippines increased to 807843.81 PHP Million in the second quarter of 2021 from 650335.79 PHP Million in the first quarter of 2021. source: National Statistics Office of Philippines

Government Spending in Philippines averaged 142377.61 PHP Million from 1981 until 2021, reaching an all time high of 854691.94 PHP Million in the second 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 October of 2021.

Government Spending in Philippines is expected to be 662966.00 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 Spending is projected to trend around 727994.00 PHP Million in 2022 and 793513.00 PHP Million in 2023, according to our econometric models.

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Philippines Government Spending

Philippines Last Unit Reference Previous Highest Lowest
Government Spending 807843.81 PHP Million Jun/21 650335.79 854691.94 62728.31

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.