Philippines Government Budget Value


Philippines recorded a government budget surplus of 2.22 PHP billion in January of 2017, following a 3.47 PHP billion deficit in the same month a year earlier. It was the first surplus for a January month since 2011, as revenues were registered at 200.31 PHP billion while spending came in at 198.09 PHP billion. In 2016, the country posted a 353.4 PHP billion budget deficit, lower than the government target of 388.9 PHP billion gap but much higher than a 121.7 PHP billion gap in 2015. Government Budget Value in Philippines averaged -4504.61 PHP Million from 1959 until 2017, reaching an all time high of 80852 PHP Million in April of 2014 and a record low of -118200 PHP Million in December of 2016.


Philippines Government Budget Value

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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. 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 – actual data, historical chart and calendar of releases – was last updated on March of 2017.