Philippines recorded a Government Budget deficit equal to 3.50 percent of the country's Gross Domestic Product in 2019.
Government Budget in Philippines averaged -2.16 percent of GDP from 1988 until 2019, reaching an all time high of 1 percent of GDP in 1994 and a record low of -5.30 percent of GDP in 2002. This page provides - Philippines Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Government Budget - values, historical data and charts - was last updated on October of 2020. source: Department of Finance of the Philippine Republic
Government Budget in Philippines is expected to reach -6.50 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Government Budget is projected to trend around -5.50 percent of GDP in 2021 and -4.50 percent of GDP in 2022, according to our econometric models.