The government budget deficit in the Philippines increased to PHP 180.92 billion in September 2021 from PHP 138.52 billion in the same month a year earlier, pointing to the largest budget gap since May amid the ongoing COVID-19 pandemic. Spending rose 17.5 percent to PHP 412.36 billion from PHP 350.94 billion a year ago while revenues rose at a softer 8.9 percent to PHP 231.44 billion from PHP 212.41 billion. Considering the first nine months of the year, the budget deficit went up to PHP 1,139.62 billion from PHP 878.69 billion in the corresponding period of 2020. source: Bureau of the Treasury, Philippines
Government Budget Value in Philippines averaged -9737.48 PHP Million from 1959 until 2021, reaching an all time high of 86872 PHP Million in April of 2019 and a record low of -302590 PHP Million in December of 2020. 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 October of 2021.
Government Budget Value in Philippines is expected to be -54000.00 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 2022, according to our econometric models.