Government Spending in Philippines decreased to 272139.90 PHP Million in the third quarter of 2019 from 328018.80 PHP Million in the second quarter of 2019. Government Spending in Philippines averaged 120406.22 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. 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 326267.00 PHP Million in 2020, according to our econometric models.