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.

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Philippines Government Budget Value



Calendar GMT Actual Previous Consensus TEForecast
2022-08-26 05:00 AM Jul PHP-86.8B PHP-215.5B PHP-250B
2022-09-30 03:00 AM Aug PHP-72B PHP-86.8B PHP-95B
2022-10-24 03:00 AM Sep PHP-72B PHP -110B


Related Last Previous Unit Reference
Government Debt to GDP 60.40 54.60 percent of GDP Dec 2021
Government Budget Value -72036.00 -86763.00 PHP Million Aug 2022
Government Revenues 308632.00 290268.00 PHP Million Jul 2022
Fiscal Expenditure 395395.00 505791.00 PHP Million Jul 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-72036.00 -86763.00 86872.00 -338005.00 1959 - 2022 PHP Million Monthly
Current Prices, NSA

News Stream
Philippines Government Budget Gap Narrows
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.
2022-09-30
Philippines Government Budget Gap Narrows
The government budget deficit in the Philippines decreased to PHP 86.8 billion in July 2022 from PHP 121.2 billion in the same month the prior year. Revenues gained 20.5 percent to PHP 308.6 billion from PHP 256.1 billion a year ago, while spending jumped 48.1 percent to PHP 395.4 billion from PHP 377.2 billion. Considering the first seven months of the year, the country's budget gap was at PHP 761.0 billion, down from PHP 837.9 billion in the corresponding period of 2021.
2022-08-26
Philippines June Government Budget Deficit Widens
The government budget deficit in the Philippines increased to PHP 215.5 billion in June 2022 from PHP 149.9 billion in the same month the prior year. Revenues gained 18.2 percent to PHP 290.3 billion from PHP 245.57 billion a year ago, while spending jumped 27.9 percent to PHP 505.8 billion from PHP 456.7 billion. Considering the first six months of the year, the country's budget gap was at PHP 674.2 billion, down from PHP 716.1 billion in the corresponding period of 2021.
2022-07-26