Philippinen - Staatshaushalt

Philippines' government budget deficit widened to PHP 178.6 billion in September of 2019 from PHP 96.25 billion in the same month the previous year. It was the largest budget gap since the series began in 1959, as expenditures jumped 39 percent to PHP 415.1 billion from PHP 298.6 billion a year earlier while revenues increased at a softer 16.9 percent to PHP 236.5 billion from PHP 202.4 billion. Considering the first nine months of the year, the country reported a government budget deficit of PHP 298.9 billion, lower than a PHP 378.2 billion gap in the corresponding period of 2018.

Philippines' government budget deficit narrowed to PHP 2.49 billion in August 2019 from PHP 2.59 billion in the same month the previous year. Revenues increased 8.9 percent to PHP 279.7 billion from PHP 256.9 billion a year earlier and spending rose at a softer 8.7 percent to PHP 282.2 billion from PHP 259.5 billion. Considering the first eight months of the year, the country reported a government budget deficit of PHP 120.4 billion, lower than a PHP 282.0 billion gap in the corresponding period of 2018.

Philippines' government budget deficit narrowed to PHP 75.3 billion in July 2019 from PHP 86.38 billion in the same month the previous year. Revenues increased 9.3 percent to PHP 264.1 billion from PHP 241.7 billion a year earlier and spending rose at a softer 3.4 percent to PHP 339.4 billion from PHP 328.1 billion. Considering the first seven months of the year, the country reported a government budget deficit of PHP 117.9 billion, lower than a PHP 279.4 billion gap in the corresponding period of 2018.

Philippines' government budget surplus surged to PHP 86.9 billion in April 2019 from PHP 46.3 billion in the same month the previous year and reaching the first surplus since January. Year-on-year, revenues edged up 0.4 percent to PHP 308.7 billion, while spending plummeted 15.1 percent to PHP 221.8 billion. Considering the first four months of the year, the country reported a government budget deficit of PHP 3.4 billion, far lower than a PHP 105.9 billion gap in the corresponding period the prior year.

The Philippines's budget surplus widened sharply to PHP 44.5 billion in January 2019 from PHP 10.2 billion in the same month the previous year. It was the first government budget surplus since April 2018, as revenues went up 7.5 percent year-on-year to PHP 256.7 billion from PHP 238.9 billion, while spending fell 7.2 percent to PHP 212.2 billion from PHP 228.7 billion a year ago. In 2018, the government reported a budget gap of PHP 523.6 billion, or 3 percent of GDP, compared to a deficit of PHP 350.6 billion recorded a year earlier.

The government budget deficit in the Philippines narrowed markedly to PHP 81.04 billion in December 2018 from PHP 107.15 billion in the same month of the previous year. Considering 2018 full year, however, the budget gap widened to PHP 558.3 billion from PHP 350.6 billion in 2017 and above the government's target of PHP 523.6 billion, or 3 percent of GDP.