Government Spending in Philippines increased to 252372.79 PHP Million in the first quarter of 2019 from 236453.69 PHP Million in the fourth quarter of 2018. Government Spending in Philippines averaged 118057.55 PHP Million from 1981 until 2019, reaching an all time high of 305815.43 PHP Million in the second quarter of 2018 and a record low of 62728.31 PHP Million in the first quarter of 1986.

Government Spending in Philippines is expected to be 318190.00 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 251923.00 in 12 months time. In the long-term, the Philippines Government Spending is projected to trend around 285737.00 PHP Million in 2020, according to our econometric models.

Philippines Government Spending
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Philippines Government Last Previous Highest Lowest Unit
Government Debt to GDP 41.90 42.10 74.90 41.90 percent [+]
Government Budget -3.00 -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 Spending

Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth. This page provides - Philippines Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Government Spending - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
252372.79 236453.69 305815.43 62728.31 1981 - 2019 PHP Million Quarterly
Constant Prices, NSA




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