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.