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.

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Philippines Government Budget Value



Calendar GMT Actual Previous Consensus TEForecast
2022-11-25 03:00 AM Oct PHP-99.1B PHP-179.8B PHP-210B
2022-12-21 07:00 AM Nov PHP-123.9B PHP-99.1B
2023-02-28 03:00 AM Dec PHP-123.9B PHP -326B


Related Last Previous Unit Reference
Government Debt to GDP 60.40 54.60 percent of GDP Dec 2021
Government Budget Value -123900.00 -99100.00 PHP Million Nov 2022
Government Revenues 331061.00 288873.00 PHP Million Nov 2022
Fiscal Expenditure 454990.00 387934.00 PHP Million Nov 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
-123900.00 -99100.00 86872.00 -338005.00 1959 - 2022 PHP Million Monthly
Current Prices, NSA

News Stream
Philippines Budget Deficit Narrows in November
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.
2022-12-22
Philippine Budget Deficit Widens in October
The government budget deficit in the Philippines widened to PHP 99.1 billion in October 2022, from PHP 64.3 billion in the same month a year earlier. Government expenditure rose by 22.23% to PHP 387.9 billion, driven partly by higher National Tax Allotment of local government units and subsidy releases for programs implemented by government corporations. Meanwhile, revenues grew at a softer 14.14% to PHP 288.9 billion, adding PHP 36 billion from previous year 's collection of PHP 253.1 billion. Considering the January-October period, the country’s budget gap was at PHP 1,111.8 billion, narrowing from PHP 1,203.4 billion in the corresponding period of 2021.
2022-11-25
Philippines Budget Gap Narrows in September
The government budget deficit in the Philippines declined to PHP 179.8 billion in September 2022 from PHP 180.9 billion in the same month the prior year. Revenues increased 24.9 percent to PHP 288.8 billion from PHP 231.4 billion a year ago, while spending rose at a softer 13.6 percent to PHP 468.6 billion from PHP 412.4 billion. Considering the first nine months of the year, the country's budget gap was at PHP 1,012.8 billion, narrowing from PHP 1,139.6 billion in the corresponding period in 2021.
2022-10-26