The government budget deficit in the Philippines decreased slightly to PHP 200.3 billion in May 2021 from PHP 202.1 billion in the same month a year earlier, amid an ongoing coronavirus pandemic. Expenditures rose 29.2 percent to PHP 456.7 billion from PHP 353.6 billion a year ago while revenues jumped 69.2 percent to PHP 256.4 billion from PHP 151.5 billion. Considering the first five months of the year, the country reported a budget deficit of PHP 566.2 billion, bigger than a PHP 561.7 billion in the corresponding period of 2020. source: Bureau of the Treasury, Philippines
Government Budget Value in Philippines averaged -9024.62 PHP Million from 1959 until 2021, reaching an all time high of 86872 PHP Million in April of 2019 and a record low of -302590 PHP Million in December of 2020. 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 July of 2021.
Government Budget Value in Philippines is expected to be -172000.00 PHP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in Philippines to stand at -54000.00 in 12 months time. In the long-term, the Philippines Government Budget Value is projected to trend around -69000.00 PHP Million in 2022, according to our econometric models.