Government Spending in Philippines increased to 650335.79 PHP Million in the first quarter of 2021 from 633065.57 PHP Million in the fourth quarter of 2020. source: National Statistics Office of Philippines

Government Spending in Philippines averaged 138244.28 PHP Million from 1981 until 2021, reaching an all time high of 854691.94 PHP Million in the second quarter of 2020 and a record low of 62728.31 PHP Million in the first quarter of 1986. This page provides - Philippines Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Government Spending - values, historical data and charts - was last updated on July of 2021.

Government Spending in Philippines is expected to be 965802.00 PHP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Philippines to stand at 692608.00 in 12 months time. In the long-term, the Philippines Government Spending is projected to trend around 741795.00 PHP Million in 2022 and 808556.00 PHP Million in 2023, according to our econometric models.

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Philippines Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
650335.79 633065.57 854691.94 62728.31 1981 - 2021 PHP Million Quarterly
Constant Prices, NSA

Philippines Government Last Previous Highest Lowest Unit
Government Debt to GDP 53.50 39.60 74.90 39.60 percent of GDP [+]
Government Budget -7.50 -3.40 1.00 -7.50 percent of GDP [+]
Government Budget Value -149862.00 -200306.00 86872.00 -302590.00 PHP Million [+]
Government Spending 650335.79 633065.57 854691.94 62728.31 PHP Million [+]
Government Revenues 256415.00 291920.00 350977.00 81.00 PHP Million [+]
Fiscal Expenditure 456721.00 336346.00 541138.00 107.00 PHP Million [+]
Military Expenditure 3495.00 3472.00 4303.00 539.00 USD Million [+]
Credit Rating 61.00 [+]

Philippines Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.