The government budget deficit in the Philippines widened to PHP 128.3 billion in November 2020 from PHP 60.9 billion in the same month the previous year, amid the prolonged coronavirus pandemic. Expenditures rose 2.3 percent to PHP 374.1 billion from PHP 365.6 billion a year ago while revenues slumped 19.2 percent to PHP 245.8 billion from PHP 304.7 billion. For the first eleven months of the year, the country reported a budget deficit of PHP 1.09 trillion, far bigger than a PHP 599.4 billion gap in the corresponding period of 2019. source: Bureau of the Treasury, Philippines
Government Budget Value in Philippines averaged -7766.04 PHP Million from 1959 until 2020, reaching an all time high of 86872 PHP Million in April of 2019 and a record low of -273881 PHP Million in April of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Government Budget Value in Philippines is expected to be -54000.00 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 -114500.00 in 12 months time. In the long-term, the Philippines Government Budget Value is projected to trend around -54000.00 PHP Million in 2021 and -89000.00 PHP Million in 2022, according to our econometric models.