Philippines recorded a government budget deficit of 76373 PHP Million in February of 2019. Government Budget Value in Philippines averaged -5654.81 PHP Million from 1959 until 2019, reaching an all time high of 80852 PHP Million in April of 2014 and a record low of -118229 PHP Million in December of 2016.
Government Budget Value in Philippines is expected to be -46000.00 PHP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in Philippines to stand at -86000.00 in 12 months time. In the long-term, the Philippines Government Budget Value is projected to trend around -54000.00 PHP Million in 2020, according to our econometric models.