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.

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Philippines Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
272139.90 328018.80 328018.80 62728.31 1981 - 2019 PHP Million Quarterly
Constant Prices, NSA

Philippines Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.

Philippines Government Last Previous Highest Lowest Unit
Government Debt to GDP 41.90 42.10 74.90 41.90 percent [+]
Government Budget -3.20 -2.20 1.00 -5.30 percent of GDP [+]
Government Budget Value -60900.00 -49262.00 86872.00 -178557.00 PHP Million [+]
Government Spending 272139.90 328018.80 328018.80 62728.31 PHP Million [+]
Government Revenues 304749.00 261553.00 317236.00 81.00 PHP Million [+]
Fiscal Expenditure 365632.00 310815.00 415085.00 107.00 PHP Million [+]
Credit Rating 60.00 [+]
Military Expenditure 3753.00 3755.00 4223.00 513.00 USD Million [+]