Philippines' government budget deficit narrowed to PHP 2.49 billion in August 2019 from PHP 2.59 billion in the same month the previous year. Revenues increased 8.9 percent to PHP 279.7 billion from PHP 256.9 billion a year earlier and spending rose at a softer 8.7 percent to PHP 282.2 billion from PHP 259.5 billion. Considering the first eight months of the year, the country reported a government budget deficit of PHP 120.4 billion, lower than a PHP 282.0 billion gap in the corresponding period of 2018. Government Budget Value in Philippines averaged -5729.90 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 -65000.00 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
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
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 07:15 AM Budget Balance Jul PHP-75.3B PHP-41.8B PHP -96B
2019-09-23 11:00 AM Budget Balance Aug PHP-2.5B PHP-75.3B PHP 15B
2019-10-22 07:00 AM Budget Balance Sep PHP-2.5B PHP -93B
2019-11-25 02:30 AM Budget Balance Oct PHP -62B
2019-12-23 02:00 AM Budget Balance Nov PHP -44B

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 -2488.00 -75296.00 86872.00 -118229.00 PHP Million [+]
Government Spending 327068.78 252372.79 327068.78 62728.31 PHP Million [+]
Government Revenues 279745.00 264094.00 317236.00 81.00 PHP Million [+]
Fiscal Expenditure 282233.00 339390.00 339390.00 107.00 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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-2488.00 -75296.00 86872.00 -118229.00 1959 - 2019 PHP Million Monthly
Current Prices, NSA

Country Last Previous
Argentina 13746.10 Aug/19
Australia -9001.00 Jun/19
Brazil -63644.00 Aug/19
Canada -1470.00 Jul/19
China -257.10 Aug/19
France -123.14 Aug/19
Germany 7.47 Mar/19
India -5538.40 Aug/19
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Mexico 34970.00 Aug/19
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Russia 2560.62 Aug/19
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Spain -14937.00 Aug/19
Switzerland 2176.00 Dec/19
Turkey 837007.00 Aug/19
United Kingdom -1819.00 Aug/19
United States -200344.00 Aug/19