Philippines Forecast: Government Expenditure

1989 - 2031 | Yearly | PHP bn | International Monetary Fund

Key information about Philippines Forecast: Government Expenditure

  • Philippines Government Expenditure is forecasted to be 7,247.428 PHP bn in Dec 2026 as reported by International Monetary Fund.
  • It records an increase from the last reported number of 6,796.854 PHP bn in Dec 2025.
  • Looking ahead, Philippines Government Expenditure is projected to stand at 9,934.920 PHP bn in Dec 2031.
  • 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 2031 in the chart:

Philippines Forecast: Government Expenditure
Philippines Forecast: Government Expenditure

What is Philippines's Forecast: Government Expenditure in 2031?

Philippines Government Expenditure is forecasted to be 7,247.428 PHP bn in Dec 2026 as reported by International Monetary Fund. See the table below for more data.

Last Previous Min Max Unit Frequency Range
9,934.920 2031 9,214.768 2030 166.279 1989 9,934.920 2031 PHP bn yearly 1989 - 2031

Forecast: Government Expenditure by Country Comparison

country/region Last Frequency Range
Afghanistan (AFA bn) 268.305 2026 yearly 2003 - 2026
Albania (ALL bn) 1,214.244 2031 yearly 1997 - 2031
Algeria (DZD bn) 17,028.501 2031 yearly 1990 - 2031
Andorra (%) 38.467 2031 yearly 2001 - 2031
Angola (AOA bn) 44,515.084 2031 yearly 1996 - 2031
Antigua and Barbuda (XCD bn) 1.728 2031 yearly 1990 - 2031
Argentina (ARS bn) 699,041.910 2031 yearly 1993 - 2031
Armenia (AMD bn) 4,938.313 2031 yearly 2005 - 2031
Aruba (%) 21.826 2031 yearly 1995 - 2031
Australia (AUD bn) 1,403.146 2031 yearly 1988 - 2031
Austria (EUR bn) 342.326 2031 yearly 1988 - 2031
Azerbaijan (AZN bn) 60.729 2031 yearly 1994 - 2031
Bahamas (BSD bn) 4.275 2031 yearly 1990 - 2031
Bahrain (BHD bn) 6.636 2031 yearly 1990 - 2031
Bangladesh (BDT bn) 7,011.275 2024 yearly 1980 - 2024
Barbados (BBD bn) 5.542 2032 yearly 1995 - 2032
Belarus (BYN bn) 179.312 2031 yearly 2001 - 2031
Belgium (EUR bn) 425.117 2031 yearly 1980 - 2031
Belize (BZD bn) 2.081 2031 yearly 1996 - 2031
Benin (XOF bn) 4,824.665 2031 yearly 1989 - 2031
Bhutan (BTN bn) 168.699 2031 yearly 1981 - 2031
Bolivia (BOB bn) 160.644 2026 yearly 1981 - 2026
Bosnia and Herzegovina (BAM bn) 37.144 2031 yearly 1998 - 2031
Botswana (BWP bn) 157.475 2032 yearly 1981 - 2032
Brazil (BRL bn) 8,476.375 2031 yearly 2001 - 2031
Brunei (BND bn) 7.759 2031 yearly 1980 - 2031
Bulgaria (EUR bn) 61.035 2031 yearly 1998 - 2031
Burkina Faso (XOF bn) 6,561.884 2031 yearly 1985 - 2031
Burundi (BIF bn) 11,427.610 2031 yearly 1990 - 2031
Cambodia (KHR bn) 58,750.348 2031 yearly 1996 - 2031
Cameroon (XAF bn) 9,013.756 2031 yearly 2000 - 2031
Canada (CAD bn) 1,789.926 2031 yearly 1980 - 2031
Cape Verde (CVE bn) 124.381 2031 yearly 1994 - 2031
Central African Republic (XAF bn) 594.467 2031 yearly 1987 - 2031
Chad (XAF bn) 3,597.607 2031 yearly 1995 - 2031
Chile (CLP bn) 121,587.322 2031 yearly 1990 - 2031
China (RMB bn) 62,904.803 2031 yearly 1982 - 2031
Colombia (COP bn) 872,724.384 2031 yearly 1982 - 2031
Comoros (KMF bn) 198.222 2031 yearly 1984 - 2031
Congo (XAF bn) 2,518.256 2031 yearly 1989 - 2031
Costa Rica (CRC bn) 11,357.490 2031 yearly 1990 - 2031
Croatia (EUR bn) 60.523 2031 yearly 1992 - 2031
Cyprus (EUR bn) 19.522 2031 yearly 1995 - 2031
Czech Republic (CZK bn) 4,793.227 2031 yearly 1995 - 2031
Democratic Republic of Congo (CDF bn) 79,700.848 2031 yearly 1996 - 2031
Denmark (DKK bn) 1,912.461 2031 yearly 1980 - 2031
Djibouti (DJF bn) 208.370 2031 yearly 1990 - 2031
Dominica (XCD bn) 1.130 2031 yearly 1990 - 2031
Dominican Republic (DOP bn) 2,371.314 2031 yearly 1997 - 2031
Ecuador (USD bn) 50.025 2025 yearly 1995 - 2025
Egypt (EGP bn) 7,887.892 2031 yearly 1999 - 2031
El Salvador (SVC bn) 15.230 2031 yearly 1990 - 2031
Equatorial Guinea (XAF bn) 1,562.405 2031 yearly 1980 - 2031
Eritrea (ERN bn) 9.338 2019 yearly 1992 - 2019
Estonia (EUR bn) 25.250 2031 yearly 1995 - 2031
Swaziland (SZL bn) 44.139 2032 yearly 1981 - 2032
Ethiopia (ETB bn) 6,433.148 2031 yearly 1980 - 2031
Fiji (FJD bn) 5.548 2031 yearly 1992 - 2031
Finland (EUR bn) 197.218 2031 yearly 1980 - 2031
France (EUR bn) 1,969.486 2031 yearly 1980 - 2031
Gabon (XAF bn) 5,007.718 2031 yearly 1990 - 2031
Gambia (GMD bn) 75.964 2031 yearly 2000 - 2031
Georgia (GEL bn) 49.134 2031 yearly 1995 - 2031
Germany (EUR bn) 2,798.121 2031 yearly 1991 - 2031
Ghana (GHS bn) 570.915 2031 yearly 1980 - 2031
Greece (EUR bn) 157.178 2031 yearly 1980 - 2031
Grenada (XCD bn) 1.536 2031 yearly 1990 - 2031
Guatemala (GTQ bn) 219.469 2031 yearly 1995 - 2031
Guinea (GNF bn) 99,886.937 2031 yearly 1990 - 2031
Guinea-Bissau (GWP bn) 433.156 2031 yearly 1991 - 2031
Guyana (GYD bn) 2,121.318 2031 yearly 1997 - 2031
Haiti (HTG bn) 747.981 2031 yearly 1997 - 2031
Honduras (HNL bn) 411.077 2031 yearly 1990 - 2031
Hong Kong SAR, China (HKD bn) 948.778 2032 yearly 1982 - 2032
Hungary (HUF bn) 56,951.384 2031 yearly 1995 - 2031
Iceland (ISK bn) 2,985.077 2031 yearly 1980 - 2031
India (INR bn) 182,390.979 2032 yearly 1989 - 2032
Indonesia (IDR bn) 6,406,306.537 2031 yearly 1993 - 2031
Iran (IRR bn) 270,213,445.365 2032 yearly 1991 - 2032
Iraq (IQD bn) 203,217.683 2031 yearly 2004 - 2031
Ireland (EUR bn) 203.016 2031 yearly 1980 - 2031
Israel (ILS bn) 1,244.310 2031 yearly 2000 - 2031
Italy (EUR bn) 1,341.259 2031 yearly 1988 - 2031
Ivory Coast (XOF bn) 21,351.213 2031 yearly 1997 - 2031
Jamaica (JMD bn) 1,607.301 2032 yearly 1991 - 2032
Japan (JPY bn) 308,115.128 2031 yearly 1980 - 2031
Jordan (JOD bn) 19.968 2031 yearly 1985 - 2031
Kazakhstan (KZT bn) 69,450.172 2031 yearly 2002 - 2031
Kenya (KES bn) 7,377.502 2031 yearly 1982 - 2031
Kiribati (AUD bn) 0.633 2031 yearly 1990 - 2031
South Korea (KRW bn) 827,278.828 2031 yearly 1995 - 2031
Kosovo (EUR bn) 5.380 2031 yearly 2000 - 2031
Kuwait (KWD bn) 29.604 2031 yearly 1985 - 2031
Kyrgyzstan (KGS bn) 1,530.511 2031 yearly 1995 - 2031
Laos (LAK bn) 50,372.610 2022 yearly 2000 - 2022
Latvia (EUR bn) 26.738 2031 yearly 1998 - 2031
Lebanon (LBP bn) 478,406.676 2025 yearly 1990 - 2025
Lesotho (LSL bn) 35.285 2032 yearly 1983 - 2032
Liberia (LRD bn) 1.672 2031 yearly 2000 - 2031
Libya (LYD bn) 593.409 2031 yearly 1990 - 2031

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Philippines Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.5 Jun 2026 quarterly Dec 1985 - Jun 2026
Consolidated Fiscal Balance (USD mn) -1,725.152 Jul 2026 monthly Jan 1985 - Jul 2026
Tax Revenue (USD mn) 7,349.230 Jul 2026 monthly Jan 1985 - Jul 2026
Tax Revenue: % of GDP (%) 15.7 Jun 2026 quarterly Mar 1985 - Jun 2026
National Government Debt (USD mn) 315,620.7 Jul 2026 monthly Jan 1993 - Jul 2026
Government Debt: % of GDP (%) 66.0 Jun 2026 quarterly Mar 1993 - Jun 2026
Forecast: Government Expenditure (PHP bn) 9,934.920 2031 yearly 1989 - 2031
Forecast: Government Net Debt (PHP bn) 25,111.900 2031 yearly 1993 - 2031
Forecast: Government Revenue (PHP bn) 9,229.872 2031 yearly 1989 - 2031
Govt Debt: Domestic and Foreign: Outstanding: Short Term (PHP mn) 1,301,369.000 Jul 2026 monthly Jan 2006 - Jul 2026
Govt Debt: Domestic and Foreign: Outstanding: Long Term (PHP mn) 16,229,245.000 Jul 2026 monthly Jan 2006 - Jul 2026
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.556 2028 yearly 1980 - 2028
Trade Balance (USD mn) -5,973.5 Jul 2026 monthly Jan 1957 - Jul 2026
Total Exports (USD mn) 8,148.3 Jul 2026 monthly Jan 1979 - Jul 2026
Total Exports Growth (%) 10.8 Jul 2026 monthly Jan 1980 - Jul 2026
Aluminum: Exports (USD th) 195,030.466 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 42,036.539 2025 yearly 1995 - 2025
Exports: Medicinal and Pharmaceutical Product (USD th) 13,070.084 2025 yearly 1995 - 2025
Total Imports (USD mn) 11,219.7 Oct 2025 monthly Jan 1979 - Oct 2025
Total Imports Growth (%) 19.8 Jul 2026 monthly Jan 1980 - Jul 2026
Imports: Medicament (USD th) 1,630,080.560 2025 yearly 1995 - 2025
Imports: Medicinal and Pharmaceutical Product (USD th) 986,842.251 2025 yearly 1995 - 2025
Total Exports to USA (USD mn) 1,684.969 Jul 2026 monthly Jan 1978 - Jul 2026
Total Imports from USA (USD mn) 766.609 Jul 2026 monthly Jan 1986 - Jul 2026
Total Exports to China (USD mn) 919.818 Jul 2026 monthly Jan 1984 - Jul 2026
Total Imports from China (USD mn) 4,172.191 Jul 2026 monthly Jan 1986 - Jul 2026
Imports: Metalliferous Ores and Metal Scrap (USD mn) 83.443 Dec 2018 monthly Jan 2006 - Dec 2018
Imports: Iron and Steel (USD mn) 382.669 Dec 2018 monthly Jan 2006 - Dec 2018
Imports: Medicinal and Pharmaceutical Products (USD mn) 108.103 Dec 2018 monthly Jan 2006 - Dec 2018
Export Value Index (2015=100) 124.100 2024 yearly 2005 - 2024
Import Value Index (2015=100) 180.400 2024 yearly 2005 - 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 318.2 Mar 2026 monthly Jan 2005 - Mar 2026
Current Account Balance (USD mn) -2,691.4 Mar 2026 monthly Jan 1999 - Mar 2026
Current Account Balance: % of GDP (%) -4.0 Jun 2025 quarterly Mar 1981 - Jun 2025
Foreign Direct Investment (USD mn) 210.0 May 2026 monthly Jan 2005 - May 2026
Foreign Direct Investment: % of GDP (%) 1.5 Mar 2026 quarterly Mar 2005 - Mar 2026
Foreign Portfolio Investment (USD mn) -1,003.576 Mar 2026 quarterly Mar 2005 - Mar 2026
Foreign Portfolio Investment: % of GDP (%) -0.9 Mar 2026 quarterly Mar 1981 - Mar 2026
Foreign Portfolio Investment: Equity Securities (USD mn) 91.4 Mar 2026 quarterly Mar 1996 - Mar 2026
Foreign Portfolio Investment: Debt Securities (USD mn) -1,094.935 Mar 2026 quarterly Mar 1977 - Mar 2026
External Debt (USD mn) 147,650.8 Dec 2025 quarterly Mar 2005 - Dec 2025
External Debt: % of GDP (%) 30.3 2025 yearly 1990 - 2025
External Debt: Short Term (USD mn) 21,409.3 Jun 2025 quarterly Mar 2005 - Jun 2025
External Debt: Short Term: % of GDP (%) 4.2 2025 yearly 2005 - 2025
Forecast: Current Account Balance (USD bn) -20.861 2031 yearly 1980 - 2031
Net International Investment Position (USD mn) -54,923.957 Mar 2026 quarterly Dec 2012 - Mar 2026
BoP: Change in Reserve Assets: Debit (USD mn) -2,624.504 Mar 2026 monthly Jan 2005 - Mar 2026
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) -478.728 Mar 2026 monthly Jan 2005 - Mar 2026
BoP: FA: Financial Derivatives (FD) (USD mn) 4.410 Mar 2026 monthly Jan 2005 - Mar 2026
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) 318.241 Mar 2026 monthly Jan 2005 - Mar 2026
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 209.978 May 2026 monthly Jan 2005 - May 2026
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) 4,108.989 Mar 2026 monthly Jan 2005 - Mar 2026
BoP: CA: Primary Income (USD mn) -154.626 Mar 2026 monthly Jan 2005 - Mar 2026
BoP: FA: Net Incurrence of Liabilities (USD mn) 3,776.188 Mar 2026 monthly Jan 2005 - Mar 2026
BoP: FA: FD: Net Acquisition of Financial Assets (USD mn) -95.209 Mar 2026 monthly Jan 2005 - Mar 2026
BoP: CA: Secondary Income: Debit: Payments (USD mn) 79.759 Mar 2026 monthly Jan 2005 - Mar 2026
BoP: CA: Credit: Receipts (USD mn) 8.190 Mar 2026 monthly Jan 2005 - Mar 2026
BoP: Financial Account (FA) (USD mn) 77.104 Mar 2026 monthly Jan 2005 - Mar 2026
BoP: CA: Services: Credit: Export (USD mn) 4,006.983 Mar 2026 monthly Jan 2005 - Mar 2026
BoP: CA: Goods: Credit: Export (USD mn) 6,333.953 Mar 2026 monthly Jan 2005 - Mar 2026
BoP: CA: Goods: Debit: Import (USD mn) 11,972.432 Mar 2026 monthly Jan 2005 - Mar 2026
BoP: CA: Goods (USD mn) -5,638.479 Mar 2026 monthly Jan 2005 - Mar 2026
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) 5,325.861 Mar 2026 monthly Jan 2005 - Mar 2026
BoP: CA: Services: Debit: Import (USD mn) 3,515.722 Mar 2026 monthly Jan 2005 - Mar 2026
BoP: Capital Account (CA) (USD mn) 7.368 Mar 2026 monthly Jan 2005 - Mar 2026
BoP: CA: Secondary Income (USD mn) 2,610.439 Mar 2026 monthly Jan 2005 - Mar 2026
BoP: FA: Net Acquisition of Financial Assets (USD mn) 3,853.292 Mar 2026 monthly Jan 2005 - Mar 2026
BoP: CA: Services (USD mn) 491.261 Mar 2026 monthly Jan 2005 - Mar 2026
BoP: CA: Import (USD mn) 17,146.390 Mar 2026 monthly Jan 2005 - Mar 2026
BoP: FA: Portfolio Investment (PI) (USD mn) 6,170.104 Mar 2026 monthly Jan 2005 - Mar 2026
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) -2,061.115 Mar 2026 monthly Jan 2005 - Mar 2026
BoP: CA: Debit: Payments (USD mn) 0.821 Mar 2026 monthly Jan 2005 - Mar 2026
BoP: FA: FD: Net Incurrence of Liabilities (USD mn) -99.619 Mar 2026 monthly Jan 2005 - Mar 2026
BoP: CA: Secondary Income: Credit: Receipts (USD mn) 2,690.198 Mar 2026 monthly Jan 2005 - Mar 2026
BoP: FA: Direct Investment (DI) (USD mn) -292.820 Mar 2026 monthly Jan 2005 - Mar 2026
BoP: Current Account (CA) (USD mn) -2,691.405 Mar 2026 monthly Jan 2005 - Mar 2026
BoP: CA: Primary Income: Credit: Receipts (USD mn) 1,423.850 Mar 2026 monthly Jan 2005 - Mar 2026
BoP: CA: Primary Income: Debit: Payments (USD mn) 1,578.476 Mar 2026 monthly Jan 2005 - Mar 2026
BoP: FA: Other Investments (OI) (USD mn) -5,804.590 Mar 2026 monthly Jan 2005 - Mar 2026
BoP: CA: Export (USD mn) 14,454.984 Mar 2026 monthly Jan 2005 - Mar 2026
External Debt: Medium and Long Term (USD mn) 129,265.015 Mar 2026 quarterly Mar 2005 - Mar 2026
External Debt: By Country Profile: Country: France (USD mn) 2,432.724 Mar 2026 quarterly Mar 2005 - Mar 2026
External Debt: By Country Profile: Country: USA (USD mn) 2,482.731 Mar 2026 quarterly Mar 2005 - Mar 2026
External Debt: By Country Profile: Country: Germany (USD mn) 1,450.613 Mar 2026 quarterly Mar 2005 - Mar 2026
External Debt: By Country Profile: Country: Japan (USD mn) 16,272.891 Mar 2026 quarterly Mar 2005 - Mar 2026
External Debt: By Country Profile: Country: UK (USD mn) 4,868.634 Mar 2026 quarterly Mar 2005 - Mar 2026
Business Closure (BC): All Industries (Unit) 3,294.000 2017 yearly 1995 - 2017
FDI: Approved: Transportation & Storage (PHP mn) 211.161 Jun 2026 quarterly Mar 2010 - Jun 2026
FDI: Approved: Administrative & Support Services (PHP mn) 5,036.659 Jun 2026 quarterly Mar 2010 - Jun 2026
FDI: Approved: Information & Communication (PHP mn) 1,054.085 Jun 2026 quarterly Mar 2010 - Jun 2026
FDI: Approved: Real Estate Activities (PHP mn) 11,093.680 Jun 2026 quarterly Mar 2010 - Jun 2026
FDI: Approved: Manufacturing (PHP mn) 78,813.048 Jun 2026 quarterly Mar 2010 - Jun 2026
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.4 Jul 2026 monthly Mar 2008 - Jul 2026
Household Debt: % of GDP (%) 13.8 Mar 2026 quarterly Mar 2008 - Mar 2026
Non-Performing Loans (USD mn) 9,553.821 Jun 2026 quarterly Mar 2008 - Jun 2026
Money Supply M1 (USD mn) 130,442.823 Jun 2026 monthly Dec 1988 - Jun 2026
Money Supply M2 (USD mn) 326,147.555 Jun 2026 monthly Dec 1988 - Jun 2026
M2 Growth (%) 11.2 Apr 2026 monthly Dec 1989 - Apr 2026
Reserve Requirement Ratio (%) 5.0 Aug 2026 monthly May 1986 - Aug 2026
Foreign Exchange Reserves (USD mn) 81,165.0 Jul 2026 monthly Jan 1960 - Jul 2026
Foreign Exchange Reserves: Months of Import (NA) 5.7 Jul 2026 monthly Jan 1979 - Jul 2026
Gold Reserves (USD mn) 17,489.486 Jul 2026 monthly Dec 1956 - Jul 2026
Total Deposits (USD mn) 365,742.217 Jun 2026 quarterly Mar 2008 - Jun 2026
Total Deposits Growth (%) 8.3 Jun 2026 quarterly Mar 2009 - Jun 2026
Domestic Credit (USD mn) 383,950.2 May 2026 monthly Dec 2001 - May 2026
Domestic Credit Growth (%) 12.7 Apr 2026 monthly Dec 2002 - Apr 2026
Household Debt (USD mn) 64,710.5 Dec 2025 quarterly Mar 2008 - Dec 2025
Total Loans (USD mn) 267,455.787 Jul 2026 monthly Mar 2008 - Jul 2026
Total Loans Growth (%) 10.74 Jul 2026 monthly Mar 2009 - Jul 2026
Private Debt: % of Nominal GDP (%) 52.60 Jun 2026 quarterly Dec 2001 - Jun 2026
DCS: Domestic Claims (DC) (PHP mn) 23,672,066.968 May 2026 monthly Dec 2001 - May 2026
YoY: DCS: LA: M4: Foreign Currency Deposits of Residents (%) 12.802 May 2026 monthly Dec 2002 - May 2026
YoY: DCS: LA: M4: M3 (%) 11.533 May 2026 monthly Dec 2002 - May 2026
YoY: DCS: LA: M4: M3: Deposit Substitutes (%) 9.538 May 2026 monthly Dec 2002 - May 2026
YoY: DCS: LA: M4: M3: M2 (%) 3.983 Apr 2026 monthly Dec 2002 - Apr 2026
Reserve Requirement Ratio: Commercial Banks: Local Currency Deposits (%) 5.000 Aug 2026 monthly May 1986 - Aug 2026
ORA: Other Reserve Assets (USD mn) 1,552.07 Jun 2018 monthly Apr 2000 - Jun 2018
Consumer Loans (CL): Philippine Banking System (PBS) (PHP bn) 3,903.430 Mar 2026 quarterly Mar 2008 - Mar 2026
CL: PBS: Real Estate: Residential (PHP bn) 1,217.913 Mar 2026 quarterly Mar 2008 - Mar 2026
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 61.869 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) -15.2 Dec 2025 quarterly Jun 2002 - Dec 2025
PH: Ease of Doing Business Rank: 1=Most Business-friendly Regulations (NA) 95.000 2019 yearly 2019 - 2019

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