Philippines recorded a government budget deficit of 60900 PHP Million in November of 2019.

Government Budget Value in Philippines averaged -6252.71 PHP Million from 1959 until 2019, reaching an all time high of 86872 PHP Million in April of 2019 and a record low of -178557 PHP Million in September of 2019. 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. source: Bureau of the Treasury, Philippines

Government Budget Value in Philippines is expected to be -94000.00 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 -82000.00 in 12 months time. In the long-term, the Philippines Government Budget Value is projected to trend around -79000.00 PHP Million in 2020, according to our econometric models.

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Philippines Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-60900.00 -49262.00 86872.00 -178557.00 1959 - 2019 PHP Million Monthly
Current Prices, NSA

Calendar GMT Actual Previous Consensus TEForecast
2019-09-23 11:00 AM Budget Balance Aug PHP-2.5B PHP-75.3B PHP 15B
2019-10-22 04:00 AM Budget Balance Sep PHP-178.6B PHP-2.5B PHP -93B
2019-11-25 02:30 AM Budget Balance Oct PHP-49.3B PHP-178.6B PHP -62B
2019-12-23 07:00 AM Budget Balance Nov PHP-60.9B PHP-49.2B PHP -44B
2020-02-25 06:00 AM Budget Balance Dec PHP-60.9B PHP -42B


News Stream
2019-10-22
Philippines Budget Deficit Largest on Record
Philippines' government budget deficit widened to PHP 178.6 billion in September of 2019 from PHP 96.25 billion in the same month the previous year. It was the largest budget gap since the series began in 1959, as expenditures jumped 39 percent to PHP 415.1 billion from PHP 298.6 billion a year earlier while revenues increased at a softer 16.9 percent to PHP 236.5 billion from PHP 202.4 billion. Considering the first nine months of the year, the country reported a government budget deficit of PHP 298.9 billion, lower than a PHP 378.2 billion gap in the corresponding period of 2018.

2019-09-24
Philippines Budget Deficit Narrows in August
Philippines' government budget deficit narrowed to PHP 2.49 billion in August 2019 from PHP 2.59 billion in the same month the previous year. Revenues increased 8.9 percent to PHP 279.7 billion from PHP 256.9 billion a year earlier and spending rose at a softer 8.7 percent to PHP 282.2 billion from PHP 259.5 billion. Considering the first eight months of the year, the country reported a government budget deficit of PHP 120.4 billion, lower than a PHP 282.0 billion gap in the corresponding period of 2018.

2019-08-23
Philippines Government Budget Deficit Narrows in July
Philippines' government budget deficit narrowed to PHP 75.3 billion in July 2019 from PHP 86.38 billion in the same month the previous year. Revenues increased 9.3 percent to PHP 264.1 billion from PHP 241.7 billion a year earlier and spending rose at a softer 3.4 percent to PHP 339.4 billion from PHP 328.1 billion. Considering the first seven months of the year, the country reported a government budget deficit of PHP 117.9 billion, lower than a PHP 279.4 billion gap in the corresponding period of 2018.

2019-05-24
Philippines Posts First Budget Surplus in 3 Months
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 and reaching the first surplus since January. 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.


Philippines Government Budget Value
The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues.