Government Spending in Philippines increased to 563543.97 PHP Million in the first quarter of 2020 from 280571.37 PHP Million in the fourth quarter of 2019.
Government Spending in Philippines averaged 124248.91 PHP Million from 1981 until 2020, reaching an all time high of 563543.97 PHP Million in the first quarter of 2020 and a record low of 62728.31 PHP Million in the first quarter of 1986. This page provides - Philippines Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Government Spending - values, historical data and charts - was last updated on July of 2020. source: National Statistics Office of Philippines
Government Spending in Philippines is expected to be 274861.00 PHP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Philippines to stand at 605810.00 in 12 months time. In the long-term, the Philippines Government Spending is projected to trend around 308396.00 PHP Million in 2021 and 328133.00 PHP Million in 2022, according to our econometric models.