Government Spending in Philippines increased to 280571.37 PHP Million in the fourth quarter of 2019 from 272139.90 PHP Million in the third quarter of 2019. Philippines Government Spending - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Government Spending in Philippines averaged 121432.92 PHP Million from 1981 until 2019, reaching an all time high of 328018.80 PHP Million in the second quarter of 2019 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. source: National Statistics Office of Philippines

Government Spending in Philippines is expected to be 259944.00 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 288740.00 in 12 months time. In the long-term, the Philippines Government Spending is projected to trend around 306642.00 PHP Million in 2021 and 326267.00 PHP Million in 2022, according to our econometric models.

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Philippines Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
280571.37 272139.90 328018.80 62728.31 1981 - 2019 PHP Million Quarterly
Constant Prices, NSA

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.