The Philippines's budget surplus widened sharply to PHP 44.5 billion in January 2019 from PHP 10.2 billion in the same month the previous year. It was the first government budget surplus since April 2018, as revenues went up 7.5 percent year-on-year to PHP 256.7 billion from PHP 238.9 billion, while spending fell 7.2 percent to PHP 212.2 billion from PHP 228.7 billion a year ago. In 2018, the government reported a budget gap of PHP 523.6 billion, or 3 percent of GDP, compared to a deficit of PHP 350.6 billion recorded a year earlier. Government Budget Value in Philippines averaged -5556.67 PHP Million from 1959 until 2019, reaching an all time high of 80852 PHP Million in April of 2014 and a record low of -118229 PHP Million in December of 2016.

Government Budget Value in Philippines is expected to be -46000.00 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 -86000.00 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.

Philippines Government Budget Value
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-26 02:30 AM Budget Balance PHP-59.9B PHP-96.2B PHP -29B
2018-12-27 07:00 AM Budget Balance PHP-39.1B PHP-59.9B PHP 3B
2019-02-21 06:00 AM Budget Balance PHP-81B PHP-39.1B PHP -82B
2019-03-18 05:00 AM Budget Balance PHP44.5B PHP-81B
2019-03-29 09:00 AM Budget Balance PHP44.5B
2019-04-24 10:20 AM Budget Balance
2019-05-23 01:30 AM Budget Balance


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 44537.00 -81000.00 80852.00 -118229.00 PHP Million [+]
Government Spending 236547.70 250174.31 308024.77 62728.31 PHP Million [+]
Government Revenues 256742.00 232209.00 307558.00 81.00 PHP Million [+]
Fiscal Expenditure 212205.00 313251.00 330240.00 107.00 PHP Million [+]
Credit Rating 53.12 [+]
Military Expenditure 4507.80 3721.60 4507.80 541.70 USD Million [+]


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. 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. Philippines Government Budget Value - actual data, historical chart and calendar of releases - was last updated on March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
44537.00 -81000.00 80852.00 -118229.00 1959 - 2019 PHP Million Monthly
Current Prices, NSA




Country Last Previous
Argentina 6726.40 Feb/19
Australia 10724.00 Feb/19
Brazil 26044.00 Jan/19
Canada -1536.00 Jan/19
China -42.10 Jan/19
France -17.26 Jan/19
Germany 5.87 Sep/18
India -7708.45 Jan/19
Indonesia -259900.00 Dec/18
Italy 16.61 Jan/19
Japan -41094.00 Dec/18
Mexico -42740.00 Jan/19
Netherlands 1.50 Dec/18
Russia 309.63 Feb/19
Saudi Arabia -238494.00 Dec/17
Singapore 657.90 Jan/19
South Africa -64891.00 Jan/19
South Korea 6893.00 Jan/19
Spain -12378.00 Nov/18
Switzerland 2176.00 Dec/19
Turkey -18675315.00 Feb/19
United Kingdom 6093.00 Feb/19
United States -233977.00 Feb/19


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