Government budget value in the Philippines posted a surplus of PHP 2.6 billion in May 2019, swinging from a deficit of PHP 32.87 billion in the same month a year earlier. Government Budget Value in Philippines averaged -5588.56 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.