Government Budget in Philippines averaged -2.32 percent of GDP from 1988 until 2020, reaching an all time high of 1 percent of GDP in 1994 and a record low of -7.50 percent of GDP in 2020. This page provides - Philippines Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Government Budget - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.
Government Budget in Philippines is expected to reach -7.60 percent of GDP by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Government Budget is projected to trend around -6.10 percent of GDP in 2023 and -5.10 percent of GDP in 2024, according to our econometric models.