Philippines Forecast: Government Expenditure

1989 - 2027 | Yearly | PHP bn | International Monetary Fund

Key information about Philippines Forecast: Government Expenditure

  • Philippines Government Expenditure is forecasted to be 5,594.982 PHP bn in Dec 2022 as reported by International Monetary Fund.
  • It records an increase from the last reported number of 5,203.515 PHP bn in Dec 2021.
  • Looking ahead, Philippines Government Expenditure is projected to stand at 7,838.262 PHP bn in Dec 2027.
  • The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: General Government Total Expenditure.

View Philippines's Forecast: Government Expenditure from 1989 to 2027 in the chart:

Philippines Forecast: Government Expenditure

What is Philippines's Forecast: Government Expenditure in 2027?

Philippines Government Expenditure is forecasted to be 5,594.982 PHP bn in Dec 2022 as reported by International Monetary Fund. See the table below for more data.

Last Previous Min Max Unit Frequency Range
7,838.262 2027 7,255.684 2026 166.279 1989 7,838.262 2027 PHP bn yearly 1989 - 2027

Forecast: Government Expenditure by Country Comparison

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Includes Forecast: Government Expenditure on 194 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Afghanistan (AFA bn) 432.266 2020 yearly 2002 - 2020
Albania (ALL bn) 759.493 2027 yearly 1997 - 2027
Algeria (DZD bn) 14,743.139 2027 yearly 1990 - 2027
Andorra (%) 35.229 2027 yearly 2001 - 2027
Angola (AOA bn) 16,504.541 2027 yearly 1996 - 2027
Antigua and Barbuda (XCD bn) 1.339 2027 yearly 1990 - 2027
Argentina (ARS bn) 109,556.099 2027 yearly 1993 - 2027
Armenia (AMD bn) 3,130.668 2027 yearly 2005 - 2027
Aruba (%) 23.806 2027 yearly 1995 - 2027
Australia (AUD bn) 1,057.212 2027 yearly 1988 - 2027
Austria (EUR bn) 262.943 2027 yearly 1988 - 2027
Azerbaijan (AZN bn) 45.406 2027 yearly 1994 - 2027
Bahamas (BSD bn) 3.643 2027 yearly 1990 - 2027
Bahrain (BHD bn) 4.987 2027 yearly 1990 - 2027
Bangladesh (BDT bn) 7,011.275 2024 yearly 1980 - 2024
Barbados (BBD bn) 3.951 2028 yearly 1995 - 2028
Belarus (BYN bn) 109.571 2027 yearly 2001 - 2027
Belgium (EUR bn) 345.829 2027 yearly 1980 - 2027
Belize (BZD bn) 1.682 2027 yearly 1996 - 2027
Benin (XOF bn) 2,802.146 2027 yearly 1989 - 2027
Bhutan (BTN bn) 100.852 2027 yearly 1981 - 2027
Bolivia (BOB bn) 143.080 2027 yearly 1984 - 2027
Bosnia and Herzegovina (BAM bn) 22.142 2027 yearly 1998 - 2027
Botswana (BWP bn) 94.260 2028 yearly 1981 - 2028
Brazil (BRL bn) 4,223.004 2027 yearly 1996 - 2027
Brunei (BND bn) 6.229 2027 yearly 1980 - 2027
Bulgaria (BGN bn) 74.870 2027 yearly 1998 - 2027
Burkina Faso (XOF bn) 3,750.558 2027 yearly 1985 - 2027
Burundi (BIF bn) 3,828.206 2027 yearly 1990 - 2027
Cambodia (KHR bn) 48,973.231 2027 yearly 1996 - 2027
Cameroon (XAF bn) 6,998.387 2027 yearly 2000 - 2027
Canada (CAD bn) 1,390.376 2027 yearly 1980 - 2027
Cape Verde (CVE bn) 84.942 2027 yearly 1994 - 2027
Central African Republic (XAF bn) 395.219 2027 yearly 1988 - 2027
Chad (XAF bn) 1,494.017 2027 yearly 1995 - 2027
Chile (CLP bn) 84,593.530 2027 yearly 1990 - 2027
China (RMB bn) 57,711.343 2027 yearly 1982 - 2027
Colombia (COP bn) 571,821.857 2027 yearly 1982 - 2027
Comoros (KMF bn) 147.168 2027 yearly 1984 - 2027
Congo (XAF bn) 2,293.770 2027 yearly 1989 - 2027
Costa Rica (CRC bn) 9,871.976 2027 yearly 1990 - 2027
Croatia (HRK bn) 273.504 2027 yearly 1992 - 2027
Cyprus (EUR bn) 13.179 2027 yearly 1995 - 2027
Czech Republic (CZK bn) 3,519.055 2027 yearly 1995 - 2027
Democratic Republic of Congo (CDF bn) 37,636.856 2027 yearly 1996 - 2027
Denmark (DKK bn) 1,594.725 2027 yearly 1980 - 2027
Djibouti (DJF bn) 198.321 2027 yearly 1990 - 2027
Dominica (XCD bn) 1.004 2027 yearly 1990 - 2027
Dominican Republic (DOP bn) 1,628.554 2027 yearly 1997 - 2027
Ecuador (USD bn) 37.689 2021 yearly 1995 - 2021
Egypt (EGP bn) 3,795.815 2027 yearly 1999 - 2027
El Salvador (SVC bn) 12.741 2027 yearly 1990 - 2027
Equatorial Guinea (XAF bn) 976.516 2027 yearly 1980 - 2027
Eritrea (ERN bn) 17.767 2027 yearly 1992 - 2027
Estonia (EUR bn) 19.215 2027 yearly 1995 - 2027
Swaziland (SZL bn) 27.078 2028 yearly 1981 - 2028
Ethiopia (ETB bn) 3,036.736 2027 yearly 1980 - 2027
Fiji (FJD bn) 4.299 2027 yearly 1992 - 2027
Finland (EUR bn) 160.410 2027 yearly 1980 - 2027
France (EUR bn) 1,656.161 2027 yearly 1980 - 2027
Gabon (XAF bn) 2,356.514 2027 yearly 1990 - 2027
Gambia (GMD bn) 41.749 2027 yearly 2000 - 2027
Georgia (GEL bn) 28.966 2027 yearly 1995 - 2027
Germany (EUR bn) 2,154.451 2027 yearly 1991 - 2027
Ghana (GHS bn) 234.411 2027 yearly 1980 - 2027
Greece (EUR bn) 108.140 2027 yearly 1980 - 2027
Grenada (XCD bn) 1.091 2027 yearly 1990 - 2027
Guatemala (GTQ bn) 135.165 2027 yearly 1995 - 2027
Guinea (GNF bn) 70,733.076 2027 yearly 1990 - 2027
Guinea-Bissau (GWP bn) 299.258 2027 yearly 1991 - 2027
Guyana (GYD bn) 785.201 2027 yearly 1997 - 2027
Haiti (HTG bn) 502.483 2027 yearly 1997 - 2027
Honduras (HNL bn) 294.922 2027 yearly 1990 - 2027
Hong Kong SAR, China (HKD bn) 883.321 2028 yearly 1982 - 2028
Hungary (HUF bn) 38,014.445 2027 yearly 1995 - 2027
Iceland (ISK bn) 1,996.103 2027 yearly 1980 - 2027
India (INR bn) 128,079.075 2028 yearly 1989 - 2028
Indonesia (IDR bn) 4,632,886.626 2027 yearly 1993 - 2027
Iran (IRR bn) 48,431,375.310 2028 yearly 1991 - 2028
Iraq (IQD bn) 173,435.685 2027 yearly 2004 - 2027
Ireland (EUR bn) 132.588 2027 yearly 1980 - 2027
Israel (ILS bn) 845.278 2027 yearly 2000 - 2027
Italy (EUR bn) 1,074.503 2027 yearly 1988 - 2027
Ivory Coast (XOF bn) 11,225.434 2027 yearly 1997 - 2027
Jamaica (JMD bn) 896.290 2028 yearly 1991 - 2028
Japan (JPY bn) 224,526.788 2027 yearly 1980 - 2027
Jordan (JOD bn) 12.068 2027 yearly 1985 - 2027
Kazakhstan (KZT bn) 29,176.239 2027 yearly 2002 - 2027
Kenya (KES bn) 5,190.245 2027 yearly 1982 - 2027
Kiribati (AUD bn) 0.422 2027 yearly 1990 - 2027
South Korea (KRW bn) 684,811.974 2027 yearly 1995 - 2027
Kosovo (EUR bn) 3.434 2027 yearly 2000 - 2027
Kuwait (KWD bn) 24.751 2027 yearly 1990 - 2027
Kyrgyzstan (KGS bn) 466.818 2027 yearly 1995 - 2027
Laos (LAK bn) 50,372.610 2022 yearly 2000 - 2022
Latvia (LVL bn) 17.642 2027 yearly 1998 - 2027
Lebanon (LBP bn) 20,929.559 2020 yearly 1990 - 2020
Lesotho (LSL bn) 25.316 2028 yearly 1983 - 2028
Liberia (LRD bn) 1.478 2027 yearly 2000 - 2027
Libya (LYD bn) 128.771 2027 yearly 1990 - 2027

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Philippines Key Series

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Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -8.3 Mar 2022 quarterly Dec 1985 - Mar 2022
Consolidated Fiscal Balance (USD mn) -3,603.833 Mar 2022 monthly Jan 1985 - Mar 2022
Tax Revenue (USD mn) 4,687.483 Mar 2022 monthly Jan 1985 - Mar 2022
Tax Revenue: % of GDP (%) 14.1 Mar 2022 quarterly Mar 1985 - Mar 2022
National Government Debt (USD mn) 244,029.7 Mar 2022 monthly Jan 1993 - Mar 2022
Government Debt: % of GDP (%) 63.5 Mar 2022 quarterly Mar 1993 - Mar 2022
Forecast: Government Expenditure (PHP bn) 7,838.262 2027 yearly 1989 - 2027
Forecast: Government Net Debt (PHP bn) 18,870.859 2027 yearly 1993 - 2027
Forecast: Government Revenue (PHP bn) 7,298.928 2027 yearly 1989 - 2027
Govt Debt: Domestic and Foreign: Outstanding: Long Term (PHP mn) 8,137,738.000 Mar 2022 monthly Jan 2006 - Mar 2022
Govt Debt: Domestic and Foreign: Outstanding: Short Term (PHP mn) 656,601.000 Mar 2022 monthly Jan 2006 - Mar 2022
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 11.010 2027 yearly 1980 - 2027
Trade Balance (USD mn) -5,003.9 Mar 2022 monthly Jan 1957 - Mar 2022
Total Exports (USD mn) 7,170.9 Mar 2022 monthly Jan 1979 - Mar 2022
Total Exports Growth (%) 5.9 Mar 2022 monthly Jan 1980 - Mar 2022
Aluminum: Exports (USD th) 135,862.497 2020 yearly 1995 - 2020
Exports: Medicament (USD th) 39,815.275 2020 yearly 1995 - 2020
Exports: Medicinal and Pharmaceutical Product (USD th) 9,366.205 2020 yearly 1995 - 2020
Total Imports (USD mn) 12,174.9 Mar 2022 monthly Jan 1979 - Mar 2022
Total Imports Growth (%) 27.7 Mar 2022 monthly Jan 1980 - Mar 2022
Imports: Medicament (USD th) 1,362,507.431 2020 yearly 1995 - 2020
Imports: Medicinal and Pharmaceutical Product (USD th) 475,680.308 2020 yearly 1995 - 2020
Total Exports to USA (USD mn) 1,089.989 Mar 2022 monthly Jan 1978 - Mar 2022
Total Imports from USA (USD mn) 869.836 Mar 2022 monthly Jan 1986 - Mar 2022
Total Exports to China (USD mn) 1,183.734 Mar 2022 monthly Jan 1984 - Mar 2022
Total Imports from China (USD mn) 2,133.406 Mar 2022 monthly Jan 1986 - Mar 2022
Imports: Iron and Steel (USD mn) 382.669 Dec 2018 monthly Jan 2006 - Dec 2018
Imports: Metalliferous Ores and Metal Scrap (USD mn) 83.443 Dec 2018 monthly Jan 2006 - Dec 2018
Imports: Medicinal and Pharmaceutical Products (USD mn) 108.103 Dec 2018 monthly Jan 2006 - Dec 2018
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 502.5 Dec 2021 monthly Jan 2005 - Dec 2021
Current Account Balance (USD mn) -2,045.9 Dec 2021 monthly Jan 1999 - Dec 2021
Current Account Balance: % of GDP (%) -3.5 Dec 2021 quarterly Mar 1981 - Dec 2021
Foreign Direct Investment (USD mn) 893.1 Feb 2022 monthly Jan 2005 - Feb 2022
Foreign Direct Investment: % of GDP (%) 2.7 Dec 2021 quarterly Mar 2005 - Dec 2021
Foreign Portfolio Investment (USD mn) -228.061 Dec 2021 quarterly Mar 2005 - Dec 2021
Foreign Portfolio Investment: % of GDP (%) -0.2 Dec 2021 quarterly Dec 1980 - Dec 2021
Foreign Portfolio Investment: Equity Securities (USD mn) 1,685.4 Dec 2021 quarterly Mar 1996 - Dec 2021
Foreign Portfolio Investment: Debt Securities (USD mn) -1,913.412 Dec 2021 quarterly Mar 1977 - Dec 2021
External Debt (USD mn) 106,428.3 Dec 2021 quarterly Mar 2005 - Dec 2021
External Debt: % of GDP (%) 27.0 2021 yearly 1990 - 2021
External Debt: Short Term (USD mn) 15,089.6 Dec 2021 quarterly Mar 2005 - Dec 2021
External Debt: Short Term: % of GDP (%) 3.8 2021 yearly 2005 - 2021
Forecast: Current Account Balance (USD bn) -10.984 2027 yearly 1980 - 2027
Net International Investment Position (USD mn) -27,602.578 Dec 2021 quarterly Dec 2012 - Dec 2021
BoP: Change in Reserve Assets: Debit (USD mn) 973.435 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 893.098 Feb 2022 monthly Jan 2005 - Feb 2022
BoP: Financial Account (FA) (USD mn) -3,079.011 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: CA: Secondary Income (USD mn) 2,817.616 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) 675.964 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: CA: Export (USD mn) 11,691.962 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: Current Account (CA) (USD mn) -2,045.892 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) 502.514 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: CA: Credit: Receipts (USD mn) 8.307 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: CA: Goods (USD mn) -6,196.311 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: CA: Debit: Payments (USD mn) 1.498 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: CA: Services (USD mn) 1,134.558 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: FA: Direct Investment (DI) (USD mn) -563.613 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) 1,533.330 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: FA: Net Incurrence of Liabilities (USD mn) 4,493.859 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: CA: Goods: Credit: Export (USD mn) 4,501.902 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: Capital Account (CA) (USD mn) 6.809 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: CA: Import (USD mn) 13,737.854 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: CA: Secondary Income: Credit: Receipts (USD mn) 2,901.822 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: CA: Primary Income: Debit: Payments (USD mn) 915.551 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: FA: Financial Derivatives (FD) (USD mn) -73.003 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: CA: Primary Income (USD mn) 198.245 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: FA: FD: Net Acquisition of Financial Assets (USD mn) -99.266 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: CA: Goods: Debit: Import (USD mn) 10,698.213 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: FA: FD: Net Incurrence of Liabilities (USD mn) -26.262 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) 2,778.031 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: FA: Other Investments (OI) (USD mn) 857.366 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: CA: Services: Credit: Export (USD mn) 3,174.440 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) -521.729 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: CA: Secondary Income: Debit: Payments (USD mn) 84.206 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: CA: Services: Debit: Import (USD mn) 2,039.883 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: FA: Net Acquisition of Financial Assets (USD mn) 1,414.849 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: FA: Portfolio Investment (PI) (USD mn) -3,299.760 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: CA: Primary Income: Credit: Receipts (USD mn) 1,113.797 Dec 2021 monthly Jan 2005 - Dec 2021
External Debt: By Country Profile: Country: Japan (USD mn) 14,572.103 Dec 2021 quarterly Mar 2005 - Dec 2021
External Debt: By Country Profile: Country: USA (USD mn) 3,828.259 Dec 2021 quarterly Mar 2005 - Dec 2021
External Debt: Medium and Long Term (USD mn) 91,338.698 Dec 2021 quarterly Mar 2005 - Dec 2021
External Debt: By Country Profile: Country: Germany (USD mn) 1,000.556 Dec 2021 quarterly Mar 2005 - Dec 2021
External Debt: By Country Profile: Country: France (USD mn) 882.389 Dec 2021 quarterly Mar 2005 - Dec 2021
External Debt: By Country Profile: Country: UK (USD mn) 2,827.201 Dec 2021 quarterly Mar 2005 - Dec 2021
FDI: Approved: Transportation & Storage (PHP mn) 43.835 Dec 2021 quarterly Mar 2010 - Dec 2021
FDI: Approved: Manufacturing (PHP mn) 2,134.265 Dec 2021 quarterly Mar 2010 - Dec 2021
FDI: Approved: Real Estate Activities (PHP mn) 1,207.029 Dec 2021 quarterly Mar 2010 - Dec 2021
FDI: Approved: Information & Communication (PHP mn) 127,171.919 Dec 2021 quarterly Mar 2010 - Dec 2021
FDI: Approved: Administrative & Support Services (PHP mn) 2,084.565 Dec 2021 quarterly Mar 2010 - Dec 2021
Business Closure (BC): All Industries (Unit) 3,294.000 2017 yearly 1995 - 2017
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 4.2 Feb 2022 monthly Jan 2013 - Feb 2022
Household Debt: % of GDP (%) 10.2 Dec 2021 quarterly Mar 2009 - Dec 2021
Non-Performing Loans (USD mn) 8,911.123 Dec 2021 quarterly Mar 2013 - Dec 2021
Money Supply M1 (USD mn) 120,922.977 Mar 2022 monthly Dec 1988 - Mar 2022
Money Supply M2 (USD mn) 280,941.568 Mar 2022 monthly Dec 1988 - Mar 2022
M2 Growth (%) 8.2 Mar 2022 monthly Dec 1989 - Mar 2022
Reserve Requirement Ratio (%) 12.0 Apr 2022 monthly May 1986 - Apr 2022
Foreign Exchange Reserves (USD mn) 92,823.2 Apr 2022 monthly Jan 1960 - Apr 2022
Foreign Exchange Reserves: Months of Import (NA) 7.7 Mar 2022 monthly Jan 1979 - Mar 2022
Gold Reserves (USD mn) 9,277.468 Apr 2022 monthly Dec 1956 - Apr 2022
Total Deposits (USD mn) 319,772.658 Dec 2021 quarterly Mar 2008 - Dec 2021
Total Deposits Growth (%) 9.0 Dec 2021 quarterly Mar 2009 - Dec 2021
Domestic Credit (USD mn) 286,230.9 Mar 2022 monthly Dec 2001 - Mar 2022
Domestic Credit Growth (%) 7.3 Mar 2022 monthly Dec 2002 - Mar 2022
Household Debt (USD mn) 38,920.1 Dec 2021 quarterly Mar 2009 - Dec 2021
Total Loans (USD mn) 204,020.724 Feb 2022 monthly Mar 2008 - Feb 2022
Total Loans Growth (%) 5.50 Feb 2022 monthly Mar 2009 - Feb 2022
Private Debt: % of Nominal GDP (%) 48.59 Mar 2022 quarterly Dec 2001 - Mar 2022
DCS: LA: M4: M3: M2: M1 (PHP mn) 6,283,157.885 Mar 2022 monthly Dec 2001 - Mar 2022
DCS: LA: M4: M3: M2 (PHP mn) 14,597,723.853 Mar 2022 monthly Dec 2001 - Mar 2022
DCS: LA: M4: M3 (PHP mn) 15,243,735.260 Mar 2022 monthly Dec 2001 - Mar 2022
DCS: Domestic Claims (DC) (PHP mn) 14,872,558.468 Mar 2022 monthly Dec 2001 - Mar 2022
ORA: Other Reserve Assets (USD mn) 1,552.07 Jun 2018 monthly Apr 2000 - Jun 2018
Reserve Requirement Ratio: Commercial Banks: Local Currency Deposits (%) 12.000 Apr 2022 monthly May 1986 - Apr 2022
CL: PBS: Real Estate: Residential (PHP bn) 890.466 Dec 2021 quarterly Mar 2009 - Dec 2021
Consumer Loans (CL): Philippine Banking System (PBS) (PHP bn) 1,976.127 Dec 2021 quarterly Mar 2009 - Dec 2021
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 61.869 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) 11.6 Mar 2022 quarterly Jun 2002 - Mar 2022
Business Outlook: Index: Services: Current Quarter (Point) 40.469 Mar 2022 quarterly Jun 2001 - Mar 2022
Business Outlook: Index: Industry: Current Quarter (Point) 31.203 Mar 2022 quarterly Jun 2001 - Mar 2022
PH: Ease of Doing Business Rank: 1=Most Business-friendly Regulations (NA) 95.000 2019 yearly 2019 - 2019

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