The government budget in the Philippines narrowed to PHP 146.79 billion in May 2022 from PHP 200.31 billion in the same month the prior year. Revenues gained 18.9 percent to PHP 304.92 billion from PHP 256.42 billion a year ago, while spending edged down 1.1 percent to PHP 451.70 billion from PHP 456.7 billion. Considering the first five months of the year, the country's budget deficit was at PHP 458.7 billion, down from PHP 566.21 billion in the corresponding period of 2021. source: Bureau of the Treasury, Philippines

Government Budget Value in Philippines averaged -10935.76 PHP Million from 1959 until 2022, reaching an all time high of 86872 PHP Million in April of 2019 and a record low of -338005 PHP Million in December of 2021. 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 - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.

Government Budget Value in Philippines is expected to be -90000.00 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 Budget Value is projected to trend around -69000.00 PHP Million in 2023, according to our econometric models.

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Philippines Government Budget Value



Calendar GMT Actual Previous Consensus TEForecast
2022-05-27 02:45 AM Apr PHP4.9B PHP-187.7B PHP-213B
2022-06-23 04:00 AM May PHP-146.8B PHP4.9B PHP-108B
2022-07-22 03:00 AM Jun PHP-146.8B PHP -90B


Related Last Previous Unit Reference
Government Debt to GDP 53.50 39.60 percent of GDP Dec 2020
Government Budget Value -146785.00 4936.00 PHP Million May 2022
Government Revenues 347949.00 293883.00 PHP Million Apr 2022
Fiscal Expenditure 343013.00 481549.00 PHP Million Apr 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-146785.00 4936.00 86872.00 -338005.00 1959 - 2022 PHP Million Monthly
Current Prices, NSA

News Stream
Philippines Budget Deficit Narrows in May
The government budget in the Philippines narrowed to PHP 146.79 billion in May 2022 from PHP 200.31 billion in the same month the prior year. Revenues gained 18.9 percent to PHP 304.92 billion from PHP 256.42 billion a year ago, while spending edged down 1.1 percent to PHP 451.70 billion from PHP 456.7 billion. Considering the first five months of the year, the country's budget deficit was at PHP 458.7 billion, down from PHP 566.21 billion in the corresponding period of 2021.
2022-06-23
Philippines Posts Budget Surplus for 1st Time in 22 Months
The government budget in the Philippines posted a surplus of PHP 4.94 billion in April 2022, shifting from a deficit of PHP 44.43 billion in the same month a year earlier. It was the first surplus in the government budget since June 2020, amid an improvement in the COVID-19 situation. Revenues jumped 19.19 percent to PHP 347.95 billion from PHP 291.92 billion a year ago, while spending rose at a softer 1.98 percent to PHP 343.01 billion from PHP 336.35 billion. Considering the first four months of the year, the country recorded a budget deficit of PHP 311.91 billion, smaller than a PHP 365.90 billion in the corresponding period of 2021.
2022-05-27
Philippines Budget Deficit Narrows in March
Philippines declined to PHP 187.67 billion in March 2022 from PHP 191.44 billion in the same month a year earlier, amid easing COVID-19 restrictions. Spending rose 18.15 percent to PHP 481.55 billion from PHP 407.60 billion a year ago while revenues grew at a faster 35.95 percent to PHP 293.88 billion from PHP 260.73 billion. In the first quarter of the year, the government budget posted a deficit of PHP 316.85 billion. In 2021, the budget deficit increased to PHP 1,332.10 billion from PHP 1,371.45 billion in 2020.
2022-04-27