Philippines' government budget deficit narrowed to PHP 41.84 billion in June 2019 from PHP 54.29 billion in the same month the previous year. Year-on-year, revenues advanced 4.3 percent to PHP 233.89 billion, while spending fell by 1 percent to PHP 275.72 billion. Considering the first six months 2019, the country reported a government budget deficit of PHP 42.65 billion, far lower than a PHP 196.62 billion gap in the corresponding period the prior year. Government Budget Value in Philippines averaged -5638.54 PHP Million from 1959 until 2019, reaching an all time high of 86872 PHP Million in April of 2019 and a record low of -118229 PHP Million in December of 2016.

Government Budget Value in Philippines is expected to be 13000.00 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 -42000.00 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.

Philippines Government Budget Value
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-22 12:00 AM Budget Balance Mar PHP-58.4B PHP-76.4B PHP -120B
2019-05-24 01:30 AM Budget Balance Apr PHP86.9B PHP-58.4B PHP 51B
2019-06-25 03:00 AM Budget Balance May PHP2.6B PHP86.9B PHP -42B
2019-07-22 06:00 AM Budget Balance Jun PHP-41.8B PHP2.6B PHP -60B
2019-08-23 05:00 AM Budget Balance Jul PHP-41.8B PHP -96B
2019-09-23 06:00 AM Budget Balance Aug PHP 15B
2019-10-22 07:00 AM Budget Balance Sep PHP -93B


Philippines Government Last Previous Highest Lowest Unit
Government Debt to GDP 41.90 42.10 74.90 41.90 percent [+]
Government Budget -3.20 -2.20 1.00 -5.30 percent of GDP [+]
Government Budget Value -41838.00 2564.00 86872.00 -118229.00 PHP Million [+]
Government Spending 327068.78 252372.79 327068.78 62728.31 PHP Million [+]
Government Revenues 233886.00 317236.00 317236.00 81.00 PHP Million [+]
Fiscal Expenditure 275724.00 314672.00 330240.00 107.00 PHP Million [+]
Credit Rating 53.12 [+]
Military Expenditure 3753.00 3755.00 4223.00 513.00 USD Million [+]


Philippines Government Budget Value

The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. 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 - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-41838.00 2564.00 86872.00 -118229.00 1959 - 2019 PHP Million Monthly
Current Prices, NSA




Country Last Previous
Argentina -6598.20 Jun/19
Australia 13326.00 May/19
Brazil -30102.00 Jun/19
Canada 707.00 May/19
China -210.00 Jun/19
France -77.30 Jun/19
Germany 7.47 Mar/19
India -4320.55 Jun/19
Indonesia -259900.00 Dec/18
Italy 7.80 Jun/19
Japan 72556.00 Mar/19
Mexico -152272.70 Jun/19
Netherlands 17.00 Mar/19
Russia 2027.84 Jul/19
Saudi Arabia -135704.00 Dec/18
Singapore 3012.50 Jun/19
South Africa 37586.00 Jun/19
South Korea -38492.00 Jun/19
Spain -10514.00 Jun/19
Switzerland 2176.00 Dec/19
Turkey -11454947.00 Jun/19
United Kingdom 2652.00 Jul/19
United States -119696.00 Jul/19


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