Philippines Government Spending2022 Data - 2023 Forecast - 1981-2021 Historical

Name: Philippines Government Spending
Creator: TRADING ECONOMICS
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Keywords: Philippines,Government Spending,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

Government Spending in Philippines decreased to 673241 PHP Million in the first quarter of 2022 from 680814.67 PHP Million in the fourth quarter of 2021. source: Philippine Statistics Authority

Government Spending in Philippines averaged 275930.99 PHP Million from 1981 until 2022, reaching an all time high of 849221.92 PHP Million in the second quarter of 2020 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 May of 2022.

Government Spending in Philippines is expected to be 870755.00 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 785279.00 PHP Million in 2023 and 836322.00 PHP Million in 2024, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Government Spending	673241.00	680814.67	PHP Million	Mar 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.