Philippines Forecast: Government Expenditure

1989 - 2028 | Yearly | PHP bn | International Monetary Fund

Key information about Philippines Forecast: Government Expenditure

  • Philippines Government Expenditure is forecasted to be 6,616.200 PHP bn in Dec 2024 as reported by International Monetary Fund.
  • It records an increase from the last reported number of 6,035.950 PHP bn in Dec 2023.
  • Looking ahead, Philippines Government Expenditure is projected to stand at 9,083.350 PHP bn in Dec 2028.
  • 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 2028 in the chart:

Philippines Forecast: Government Expenditure

What is Philippines's Forecast: Government Expenditure in 2028?

Philippines Government Expenditure is forecasted to be 6,616.200 PHP bn in Dec 2024 as reported by International Monetary Fund. See the table below for more data.

Last Previous Min Max Unit Frequency Range
9,083.350 2028 8,341.640 2027 166.279 1989 9,083.350 2028 PHP bn yearly 1989 - 2028

Forecast: Government Expenditure by Country Comparison

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Includes Forecast: Government Expenditure on 195 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Afghanistan (AFA bn) 219.373 2021 yearly 2002 - 2021
Albania (ALL bn) 1,003.860 2028 yearly 1997 - 2028
Algeria (DZD bn) 16,122.290 2028 yearly 1990 - 2028
Andorra (%) 36.271 2028 yearly 2001 - 2028
Angola (AOA bn) 25,453.760 2028 yearly 1996 - 2028
Antigua and Barbuda (XCD bn) 1.537 2028 yearly 1990 - 2028
Argentina (ARS bn) 553,829.690 2028 yearly 1993 - 2028
Armenia (AMD bn) 4,073.820 2028 yearly 2005 - 2028
Aruba (%) 21.292 2028 yearly 1995 - 2028
Australia (AUD bn) 1,137.330 2028 yearly 1988 - 2028
Austria (EUR bn) 295.369 2028 yearly 1988 - 2028
Azerbaijan (AZN bn) 46.691 2028 yearly 1994 - 2028
Bahamas (BSD bn) 3.946 2028 yearly 1990 - 2028
Bahrain (BHD bn) 5.301 2028 yearly 1990 - 2028
Bangladesh (BDT bn) 7,011.275 2024 yearly 1980 - 2024
Barbados (BBD bn) 4.855 2029 yearly 1995 - 2029
Belarus (BYN bn) 101.428 2028 yearly 2001 - 2028
Belgium (EUR bn) 386.316 2028 yearly 1980 - 2028
Belize (BZD bn) 1.799 2028 yearly 1996 - 2028
Benin (XOF bn) 3,524.550 2028 yearly 1989 - 2028
Bhutan (BTN bn) 116.449 2028 yearly 1981 - 2028
Bolivia (BOB bn) 130.717 2028 yearly 1984 - 2028
Bosnia and Herzegovina (BAM bn) 26.003 2028 yearly 1998 - 2028
Botswana (BWP bn) 115.893 2029 yearly 1981 - 2029
Brazil (BRL bn) 6,554.330 2028 yearly 2001 - 2028
Brunei (BND bn) 6.082 2028 yearly 1980 - 2028
Bulgaria (BGN bn) 89.780 2028 yearly 1998 - 2028
Burkina Faso (XOF bn) 4,719.590 2028 yearly 1985 - 2028
Burundi (BIF bn) 6,350.970 2028 yearly 1990 - 2028
Cambodia (KHR bn) 53,931.190 2028 yearly 1996 - 2028
Cameroon (XAF bn) 6,596.640 2028 yearly 2000 - 2028
Canada (CAD bn) 1,420.940 2028 yearly 1980 - 2028
Cape Verde (CVE bn) 95.916 2028 yearly 1994 - 2028
Central African Republic (XAF bn) 401.735 2028 yearly 1988 - 2028
Chad (XAF bn) 1,610.710 2028 yearly 1995 - 2028
Chile (CLP bn) 94,645.820 2028 yearly 1990 - 2028
China (RMB bn) 58,979.220 2028 yearly 1982 - 2028
Colombia (COP bn) 710,187.230 2028 yearly 1982 - 2028
Comoros (KMF bn) 148.616 2028 yearly 1984 - 2028
Congo (XAF bn) 2,298.280 2028 yearly 1989 - 2028
Costa Rica (CRC bn) 11,254.490 2028 yearly 1990 - 2028
Croatia (EUR bn) 43.076 2028 yearly 1992 - 2028
Cyprus (EUR bn) 14.710 2028 yearly 1995 - 2028
Czech Republic (CZK bn) 4,115.800 2028 yearly 1995 - 2028
Democratic Republic of Congo (CDF bn) 54,625.080 2028 yearly 1996 - 2028
Denmark (DKK bn) 1,679.330 2028 yearly 1980 - 2028
Djibouti (DJF bn) 226.720 2028 yearly 1990 - 2028
Dominica (XCD bn) 1.070 2028 yearly 1990 - 2028
Dominican Republic (DOP bn) 1,795.320 2028 yearly 1997 - 2028
Ecuador (USD bn) 49.173 2028 yearly 1995 - 2028
Egypt (EGP bn) 7,851.790 2028 yearly 1999 - 2028
El Salvador (SVC bn) 12.864 2028 yearly 1990 - 2028
Equatorial Guinea (XAF bn) 1,407.840 2028 yearly 1980 - 2028
Eritrea (ERN bn) 9.338 2019 yearly 1992 - 2019
Estonia (EUR bn) 21.623 2028 yearly 1995 - 2028
Swaziland (SZL bn) 37.386 2029 yearly 1981 - 2029
Ethiopia (ETB bn) 2,997.770 2028 yearly 1980 - 2028
Fiji (FJD bn) 5.348 2028 yearly 1992 - 2028
Finland (EUR bn) 177.874 2028 yearly 1980 - 2028
France (EUR bn) 1,830.670 2028 yearly 1980 - 2028
Gabon (XAF bn) 3,095.810 2028 yearly 1990 - 2028
Gambia (GMD bn) 48.615 2028 yearly 2000 - 2028
Georgia (GEL bn) 33.921 2028 yearly 1995 - 2028
Germany (EUR bn) 2,361.670 2028 yearly 1991 - 2028
Ghana (GHS bn) 372.947 2028 yearly 1980 - 2028
Greece (EUR bn) 118.753 2028 yearly 1980 - 2028
Grenada (XCD bn) 1.293 2028 yearly 1990 - 2028
Guatemala (GTQ bn) 160.532 2028 yearly 1995 - 2028
Guinea (GNF bn) 65,837.330 2028 yearly 1990 - 2028
Guinea-Bissau (GWP bn) 349.819 2028 yearly 1991 - 2028
Guyana (GYD bn) 905.157 2028 yearly 1997 - 2028
Haiti (HTG bn) 671.181 2028 yearly 1997 - 2028
Honduras (HNL bn) 331.467 2028 yearly 1990 - 2028
Hong Kong SAR, China (HKD bn) 899.376 2029 yearly 1982 - 2029
Hungary (HUF bn) 45,892.500 2028 yearly 1995 - 2028
Iceland (ISK bn) 2,331.340 2028 yearly 1980 - 2028
India (INR bn) 134,808.530 2029 yearly 1989 - 2029
Indonesia (IDR bn) 5,143,598.410 2028 yearly 1993 - 2028
Iran (IRR bn) 88,375,352.640 2029 yearly 1991 - 2029
Iraq (IQD bn) 179,493.930 2028 yearly 2004 - 2028
Ireland (EUR bn) 149.589 2028 yearly 1980 - 2028
Israel (ILS bn) 976.730 2028 yearly 2000 - 2028
Italy (EUR bn) 1,156.730 2028 yearly 1988 - 2028
Ivory Coast (XOF bn) 14,790.110 2028 yearly 1997 - 2028
Jamaica (JMD bn) 1,158.660 2029 yearly 1991 - 2029
Japan (JPY bn) 268,418.980 2028 yearly 1980 - 2028
Jordan (JOD bn) 13.878 2028 yearly 1985 - 2028
Kazakhstan (KZT bn) 41,918.930 2028 yearly 2002 - 2028
Kenya (KES bn) 5,655.330 2028 yearly 1982 - 2028
Kiribati (AUD bn) 0.502 2028 yearly 1990 - 2028
South Korea (KRW bn) 679,848.650 2028 yearly 1995 - 2028
Kosovo (EUR bn) 3.968 2028 yearly 2000 - 2028
Kuwait (KWD bn) 28.396 2028 yearly 1985 - 2028
Kyrgyzstan (KGS bn) 632.600 2028 yearly 1995 - 2028
Laos (LAK bn) 50,372.610 2022 yearly 2000 - 2022
Latvia (EUR bn) 21.865 2028 yearly 1998 - 2028
Lebanon (LBP bn) 61,857.670 2022 yearly 1990 - 2022
Lesotho (LSL bn) 31.496 2029 yearly 1983 - 2029
Liberia (LRD bn) 1.645 2028 yearly 2000 - 2028
Libya (LYD bn) 131.563 2028 yearly 1990 - 2028

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Philippines Key Series

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Includes 244 key indicators for Philippines, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -6.2 Dec 2023 quarterly Dec 1985 - Dec 2023
Consolidated Fiscal Balance (USD mn) -2,937.257 Feb 2024 monthly Jan 1985 - Feb 2024
Tax Revenue (USD mn) 3,768.936 Feb 2024 monthly Jan 1985 - Feb 2024
Tax Revenue: % of GDP (%) 12.6 Dec 2023 quarterly Mar 1985 - Dec 2023
National Government Debt (USD mn) 270,146.1 Feb 2024 monthly Jan 1993 - Feb 2024
Government Debt: % of GDP (%) 60.1 Dec 2023 quarterly Mar 1993 - Dec 2023
Forecast: Government Expenditure (PHP bn) 9,083.350 2028 yearly 1989 - 2028
Forecast: Government Net Debt (PHP bn) 19,652.200 2028 yearly 1993 - 2028
Forecast: Government Revenue (PHP bn) 8,212.060 2028 yearly 1989 - 2028
Govt Debt: Domestic and Foreign: Outstanding: Short Term (PHP mn) 570,217.000 Feb 2024 monthly Jan 2006 - Feb 2024
Govt Debt: Domestic and Foreign: Outstanding: Long Term (PHP mn) 11,686,039.000 Feb 2024 monthly Jan 2006 - Feb 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.556 2028 yearly 1980 - 2028
Trade Balance (USD mn) -4,221.1 Jan 2024 monthly Jan 1957 - Jan 2024
Total Exports (USD mn) 5,905.9 Feb 2024 monthly Jan 1979 - Feb 2024
Total Exports Growth (%) 9.1 Jan 2024 monthly Jan 1980 - Jan 2024
Aluminum: Exports (USD th) 178,900.107 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 61,685.472 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 11,340.083 2022 yearly 1995 - 2022
Total Imports (USD mn) 10,157.1 Jan 2024 monthly Jan 1979 - Jan 2024
Total Imports Growth (%) -7.6 Jan 2024 monthly Jan 1980 - Jan 2024
Imports: Medicament (USD th) 1,570,518.510 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 1,269,332.939 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 902.329 Jan 2024 monthly Jan 1978 - Jan 2024
Total Imports from USA (USD mn) 671.862 Jan 2024 monthly Jan 1986 - Jan 2024
Total Exports to China (USD mn) 624.794 Jan 2024 monthly Jan 1984 - Jan 2024
Total Imports from China (USD mn) 2,650.226 Jan 2024 monthly Jan 1986 - Jan 2024
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
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 638.5 Dec 2023 monthly Jan 2005 - Dec 2023
Current Account Balance (USD mn) 106.8 Dec 2023 monthly Jan 1999 - Dec 2023
Current Account Balance: % of GDP (%) -4.3 Mar 2023 quarterly Mar 1981 - Mar 2023
Foreign Direct Investment (USD mn) 826.1 Dec 2023 monthly Jan 2005 - Dec 2023
Foreign Direct Investment: % of GDP (%) 2.0 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Portfolio Investment (USD mn) 1,838.131 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) 1.5 Dec 2023 quarterly Dec 1980 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -173.2 Dec 2023 quarterly Mar 1996 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 2,011.353 Dec 2023 quarterly Mar 1977 - Dec 2023
External Debt (USD mn) 125,393.7 Dec 2023 quarterly Mar 2005 - Dec 2023
External Debt: % of GDP (%) 28.7 2023 yearly 1990 - 2023
External Debt: Short Term (USD mn) 17,352.9 Mar 2023 quarterly Mar 2005 - Mar 2023
External Debt: Short Term: % of GDP (%) 3.9 2023 yearly 2005 - 2023
Forecast: Current Account Balance (USD bn) -7.439 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) -51,316.516 Dec 2023 quarterly Dec 2012 - Dec 2023
BoP: Change in Reserve Assets: Debit (USD mn) -178.717 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Services: Credit: Export (USD mn) 4,383.898 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: Financial Derivatives (FD) (USD mn) -6.857 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) -71.118 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) 638.532 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 826.060 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) 255.818 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Primary Income (USD mn) 480.791 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: Net Incurrence of Liabilities (USD mn) 2,128.759 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Credit: Receipts (USD mn) 7.303 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: Financial Account (FA) (USD mn) -1,361.024 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Secondary Income: Debit: Payments (USD mn) 117.845 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: FD: Net Acquisition of Financial Assets (USD mn) -55.498 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Goods: Credit: Export (USD mn) 4,419.540 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Secondary Income (USD mn) 3,035.667 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Services: Debit: Import (USD mn) 2,914.523 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Goods: Debit: Import (USD mn) 9,298.554 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Goods (USD mn) -4,879.015 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: Capital Account (CA) (USD mn) 6.253 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) 254.854 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Debit: Payments (USD mn) 1.050 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: Net Acquisition of Financial Assets (USD mn) 767.734 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Import (USD mn) 13,354.803 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: FD: Net Incurrence of Liabilities (USD mn) -48.641 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Export (USD mn) 13,461.621 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Services (USD mn) 1,469.375 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: Portfolio Investment (PI) (USD mn) -840.667 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) 1,096.486 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Secondary Income: Credit: Receipts (USD mn) 3,153.513 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: Direct Investment (DI) (USD mn) -187.528 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Primary Income: Credit: Receipts (USD mn) 1,504.671 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: Current Account (CA) (USD mn) 106.819 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: Other Investments (OI) (USD mn) -325.972 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Primary Income: Debit: Payments (USD mn) 1,023.880 Dec 2023 monthly Jan 2005 - Dec 2023
External Debt: By Country Profile: Country: USA (USD mn) 2,474.724 Dec 2023 quarterly Mar 2005 - Dec 2023
External Debt: Medium and Long Term (USD mn) 108,297.906 Dec 2023 quarterly Mar 2005 - Dec 2023
External Debt: By Country Profile: Country: Japan (USD mn) 15,554.305 Dec 2023 quarterly Mar 2005 - Dec 2023
External Debt: By Country Profile: Country: Germany (USD mn) 1,450.711 Dec 2023 quarterly Mar 2005 - Dec 2023
External Debt: By Country Profile: Country: UK (USD mn) 4,179.968 Dec 2023 quarterly Mar 2005 - Dec 2023
External Debt: By Country Profile: Country: France (USD mn) 1,242.515 Dec 2023 quarterly Mar 2005 - Dec 2023
FDI: Approved: Manufacturing (PHP mn) 48,958.266 Dec 2023 quarterly Mar 2010 - Dec 2023
FDI: Approved: Information & Communication (PHP mn) 264.464 Dec 2023 quarterly Mar 2010 - Dec 2023
FDI: Approved: Transportation & Storage (PHP mn) 212.208 Dec 2023 quarterly Mar 2010 - Dec 2023
FDI: Approved: Administrative & Support Services (PHP mn) 5,704.132 Dec 2023 quarterly Mar 2010 - Dec 2023
FDI: Approved: Real Estate Activities (PHP mn) 3,011.207 Dec 2023 quarterly Mar 2010 - Dec 2023
Business Closure (BC): All Industries (Unit) 3,294.000 2017 yearly 1995 - 2017
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.4 Feb 2024 monthly Mar 2008 - Feb 2024
Household Debt: % of GDP (%) 10.8 Dec 2023 quarterly Mar 2009 - Dec 2023
Non-Performing Loans (USD mn) 8,081.430 Dec 2023 quarterly Mar 2008 - Dec 2023
Money Supply M1 (USD mn) 118,977.230 Jan 2024 monthly Dec 1988 - Jan 2024
Money Supply M2 (USD mn) 293,306.704 Jan 2024 monthly Dec 1988 - Jan 2024
M2 Growth (%) 6.5 Jan 2024 monthly Dec 1989 - Jan 2024
Reserve Requirement Ratio (%) 9.5 Mar 2024 monthly May 1986 - Mar 2024
Foreign Exchange Reserves (USD mn) 89,027.1 Mar 2024 monthly Jan 1960 - Mar 2024
Foreign Exchange Reserves: Months of Import (NA) 8.7 Jan 2024 monthly Jan 1979 - Jan 2024
Gold Reserves (USD mn) 10,531.497 Mar 2024 monthly Dec 1956 - Mar 2024
Total Deposits (USD mn) 342,517.305 Dec 2023 quarterly Mar 2008 - Dec 2023
Total Deposits Growth (%) 7.1 Dec 2023 quarterly Mar 2009 - Dec 2023
Domestic Credit (USD mn) 324,291.8 Jan 2024 monthly Dec 2001 - Jan 2024
Domestic Credit Growth (%) 9.8 Jan 2024 monthly Dec 2002 - Jan 2024
Household Debt (USD mn) 47,047.3 Dec 2023 quarterly Mar 2009 - Dec 2023
Total Loans (USD mn) 225,277.466 Feb 2024 monthly Mar 2008 - Feb 2024
Total Loans Growth (%) 9.22 Feb 2024 monthly Mar 2009 - Feb 2024
Private Debt: % of Nominal GDP (%) 48.22 Dec 2023 quarterly Dec 2001 - Dec 2023
DCS: LA: M4: M3: M2 (PHP mn) 16,523,433.195 Jan 2024 monthly Dec 2001 - Jan 2024
DCS: LA: M4: M3 (PHP mn) 16,976,508.361 Jan 2024 monthly Dec 2001 - Jan 2024
DCS: LA: M4: M3: M2: M1 (PHP mn) 6,702,582.243 Jan 2024 monthly Dec 2001 - Jan 2024
DCS: Domestic Claims (DC) (PHP mn) 18,268,977.087 Jan 2024 monthly Dec 2001 - Jan 2024
ORA: Other Reserve Assets (USD mn) 1,552.07 Jun 2018 monthly Apr 2000 - Jun 2018
Reserve Requirement Ratio: Commercial Banks: Local Currency Deposits (%) 9.500 Mar 2024 monthly May 1986 - Mar 2024
CL: PBS: Real Estate: Residential (PHP bn) 1,003.466 Dec 2023 quarterly Mar 2009 - Dec 2023
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 61.869 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) 12.1 Dec 2023 quarterly Jun 2002 - Dec 2023
Business Outlook: Index: Industry: Current Quarter (Point) 33.185 Dec 2023 quarterly Jun 2001 - Dec 2023
Business Outlook: Index: Services: Current Quarter (Point) 35.462 Dec 2023 quarterly Jun 2001 - Dec 2023
PH: Ease of Doing Business Rank: 1=Most Business-friendly Regulations (NA) 95.000 2019 yearly 2019 - 2019

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