The government budget deficit in the Philippines declined to PHP 123.9 billion in November 2022 from PHP 128.7 billion in the same month the prior year. Revenues increased 17 percent to PHP 331.1 billion from PHP 284.0 billion a year ago, while spending rose at a softer 10.2 percent to PHP 455 billion from PHP 412.7 billion. Considering the first eleven months of the year, the country's budget gap was at PHP 1,235 trillion, narrowing from PHP 1,332.1 billion in the corresponding period in 2021. source: Bureau of the Treasury, Philippines
Government Budget Value in Philippines averaged -11863.29 PHP Million from 1959 until 2022, reaching an all time high of 86872.00 PHP Million in April of 2019 and a record low of -338005.00 PHP Million in December of 2021. 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 - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.
Government Budget Value in Philippines is expected to be -187000.00 PHP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations.