The government budget deficit in the Philippines decreased sharply to PHP 72.0 billion in August 2022 from PHP 120.9 billion in the same month the prior year. Revenues gained 28.2 percent to PHP 332.4 billion from PHP 259.1 billion a year ago, while spending was up at a softer 6.4 percent to PHP 404.5 billion from PHP 380.2 billion. Considering the first eight months of the year, the country's budget gap was at PHP 833.0 billion, widening from PHP 717.0 billion in the corresponding period in 2021. source: Bureau of the Treasury, Philippines
Government Budget Value in Philippines averaged -11382.71 PHP Million from 1959 until 2022, reaching an all time high of 86872 PHP Million in April of 2019 and a record low of -338005 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 October of 2022.
Government Budget Value in Philippines is expected to be -110000.00 PHP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Government Budget Value is projected to trend around -69000.00 PHP Million in 2023, according to our econometric models.