Name: Philippines Government Spending
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Philippines,Government Spending,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

Government Spending in Philippines increased to 903919.54 PHP Million in the second quarter of 2022 from 673241 PHP Million in the first quarter of 2022. source: Philippine Statistics Authority

Government Spending in Philippines averaged 279714.05 PHP Million from 1981 until 2022, reaching an all time high of 903919.54 PHP Million in the second quarter of 2022 and a record low of 127087.53 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 2022.

Government Spending in Philippines is expected to be 745397.00 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 779440.00 PHP Million in 2023 and 826207.00 PHP Million in 2024, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Government Spending	903919.54	673241.00	PHP Million	Jun 2022

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.