Philippines' government budget surplus surged to PHP 86.9 billion in April 2019 from PHP 46.3 billion in the same month the previous year. Year-on-year, revenues edged up 0.4 percent to PHP 308.7 billion, while spending plummeted 15.1 percent to PHP 221.8 billion. Considering the first four months of the year, the country reported a government budget deficit of PHP 3.4 billion, far lower than a PHP 105.9 billion gap in the corresponding period the prior year. Government Budget Value in Philippines averaged -5599.87 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 -60000.00 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
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-18 05:00 AM Budget Balance PHP44.5B PHP-81B
2019-03-29 07:00 AM Budget Balance PHP-76.4B PHP44.5B
2019-04-22 12:00 AM Budget Balance PHP-58.4B PHP-76.4B PHP -120B
2019-05-24 01:30 AM Budget Balance PHP86.9B PHP-58.4B PHP 51B
2019-06-25 05:00 AM Budget Balance PHP86.9B PHP -42B
2019-07-22 03:30 AM Budget Balance PHP -60B
2019-08-23 07:40 AM Budget Balance PHP -96B

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 86872.00 -58409.00 86872.00 -118229.00 PHP Million [+]
Government Spending 252372.79 236453.69 305815.43 62728.31 PHP Million [+]
Government Revenues 308676.00 228918.00 308676.00 81.00 PHP Million [+]
Fiscal Expenditure 221804.00 287327.00 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 June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
86872.00 -58409.00 86872.00 -118229.00 1959 - 2019 PHP Million Monthly
Current Prices, NSA

Country Last Previous
Argentina 498.50 Apr/19
Australia 7020.00 Apr/19
Brazil -28050.00 Apr/19
Canada -14900.00 Mar/19
China -72.30 Apr/19
France -67.20 Apr/19
Germany 5.87 Sep/18
India -1570.48 Apr/19
Indonesia -259900.00 Dec/18
Italy -26.03 Mar/19
Japan -41094.00 Dec/18
Mexico 62526.80 Apr/19
Netherlands 1.50 Dec/18
Russia 1149.60 May/19
Saudi Arabia -135704.00 Dec/18
Singapore 1697.60 Apr/19
South Africa -73147.00 Apr/19
South Korea -25893.00 Apr/19
Spain -8195.00 Apr/19
Switzerland 2176.00 Dec/19
Turkey -14309064.00 Apr/19
United Kingdom -2778.00 Apr/19
United States -207768.00 May/19