Philippines Forecast: Government Expenditure

1989 - 2029 | Yearly | PHP bn | International Monetary Fund

Key information about Philippines Forecast: Government Expenditure

  • Philippines Government Expenditure is forecasted to be 6,436.552 PHP bn in Dec 2024 as reported by International Monetary Fund.
  • It records an increase from the last reported number of 5,995.483 PHP bn in Dec 2023.
  • Looking ahead, Philippines Government Expenditure is projected to stand at 8,856.329 PHP bn in Dec 2029.
  • 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 2029 in the chart:

Philippines Forecast: Government Expenditure

What is Philippines's Forecast: Government Expenditure in 2029?

Philippines Government Expenditure is forecasted to be 6,436.552 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
8,856.329 2029 8,236.593 2028 166.279 1989 8,856.329 2029 PHP bn yearly 1989 - 2029

Forecast: Government Expenditure by Country Comparison

country/region Last Frequency Range
Afghanistan (AFA bn) 229.209 2023 yearly 2002 - 2023
Albania (ALL bn) 1,027.504 2029 yearly 1997 - 2029
Algeria (DZD bn) 16,911.079 2029 yearly 1990 - 2029
Andorra (%) 36.271 2028 yearly 2001 - 2028
Angola (AOA bn) 30,579.806 2029 yearly 1996 - 2029
Antigua and Barbuda (XCD bn) 1.469 2029 yearly 1990 - 2029
Argentina (ARS bn) 740,993.414 2029 yearly 1993 - 2029
Armenia (AMD bn) 4,374.501 2029 yearly 2005 - 2029
Aruba (%) 21.292 2028 yearly 1995 - 2028
Australia (AUD bn) 1,268.078 2029 yearly 1988 - 2029
Austria (EUR bn) 308.609 2029 yearly 1988 - 2029
Azerbaijan (AZN bn) 46.605 2029 yearly 1994 - 2029
Bahamas (BSD bn) 3.693 2029 yearly 1990 - 2029
Bahrain (BHD bn) 5.683 2029 yearly 1990 - 2029
Bangladesh (BDT bn) 7,011.275 2024 yearly 1980 - 2024
Barbados (BBD bn) 4.732 2030 yearly 1995 - 2030
Belarus (BYN bn) 138.225 2029 yearly 2001 - 2029
Belgium (EUR bn) 400.202 2029 yearly 1980 - 2029
Belize (BZD bn) 1.937 2029 yearly 1996 - 2029
Benin (XOF bn) 3,898.638 2029 yearly 1989 - 2029
Bhutan (BTN bn) 141.129 2029 yearly 1981 - 2029
Bolivia (BOB bn) 154.661 2029 yearly 1984 - 2029
Bosnia and Herzegovina (BAM bn) 28.027 2029 yearly 1998 - 2029
Botswana (BWP bn) 117.247 2030 yearly 1981 - 2030
Brazil (BRL bn) 6,975.892 2029 yearly 2001 - 2029
Brunei (BND bn) 6.627 2029 yearly 1980 - 2029
Bulgaria (BGN bn) 97.888 2029 yearly 1998 - 2029
Burkina Faso (XOF bn) 5,183.536 2029 yearly 1985 - 2029
Burundi (BIF bn) 8,634.540 2029 yearly 1990 - 2029
Cambodia (KHR bn) 49,759.239 2029 yearly 1996 - 2029
Cameroon (XAF bn) 7,713.943 2029 yearly 2000 - 2029
Canada (CAD bn) 1,546.047 2029 yearly 1980 - 2029
Cape Verde (CVE bn) 97.798 2029 yearly 1994 - 2029
Central African Republic (XAF bn) 431.460 2029 yearly 1988 - 2029
Chad (XAF bn) 2,650.660 2029 yearly 1995 - 2029
Chile (CLP bn) 105,724.758 2029 yearly 1990 - 2029
China (RMB bn) 61,759.865 2029 yearly 1982 - 2029
Colombia (COP bn) 719,334.932 2029 yearly 1982 - 2029
Comoros (KMF bn) 162.544 2029 yearly 1984 - 2029
Congo (XAF bn) 2,406.260 2029 yearly 1989 - 2029
Costa Rica (CRC bn) 11,444.353 2029 yearly 1990 - 2029
Croatia (EUR bn) 49.722 2029 yearly 1992 - 2029
Cyprus (EUR bn) 17.597 2029 yearly 1995 - 2029
Czech Republic (CZK bn) 3,989.504 2029 yearly 1995 - 2029
Democratic Republic of Congo (CDF bn) 58,691.414 2029 yearly 1996 - 2029
Denmark (DKK bn) 1,663.394 2029 yearly 1980 - 2029
Djibouti (DJF bn) 212.245 2029 yearly 1990 - 2029
Dominica (XCD bn) 1.034 2029 yearly 1990 - 2029
Dominican Republic (DOP bn) 1,982.578 2029 yearly 1997 - 2029
Ecuador (USD bn) 51.430 2029 yearly 1995 - 2029
Egypt (EGP bn) 7,219.600 2029 yearly 1999 - 2029
El Salvador (SVC bn) 14.164 2029 yearly 1990 - 2029
Equatorial Guinea (XAF bn) 1,878.274 2029 yearly 1980 - 2029
Eritrea (ERN bn) 9.338 2019 yearly 1992 - 2019
Estonia (EUR bn) 21.897 2029 yearly 1995 - 2029
Swaziland (SZL bn) 38.780 2030 yearly 1981 - 2030
Ethiopia (ETB bn) 4,819.139 2029 yearly 1980 - 2029
Fiji (FJD bn) 5.348 2028 yearly 1992 - 2028
Finland (EUR bn) 185.332 2029 yearly 1980 - 2029
France (EUR bn) 1,934.691 2029 yearly 1980 - 2029
Gabon (XAF bn) 3,683.236 2029 yearly 1990 - 2029
Gambia (GMD bn) 56.764 2029 yearly 2000 - 2029
Georgia (GEL bn) 40.909 2029 yearly 1995 - 2029
Germany (EUR bn) 2,430.883 2029 yearly 1991 - 2029
Ghana (GHS bn) 408.854 2029 yearly 1980 - 2029
Greece (EUR bn) 126.705 2029 yearly 1980 - 2029
Grenada (XCD bn) 1.362 2029 yearly 1990 - 2029
Guatemala (GTQ bn) 192.425 2029 yearly 1995 - 2029
Guinea (GNF bn) 74,925.820 2029 yearly 1990 - 2029
Guinea-Bissau (GWP bn) 366.276 2029 yearly 1991 - 2029
Guyana (GYD bn) 1,506.994 2029 yearly 1997 - 2029
Haiti (HTG bn) 545.979 2029 yearly 1997 - 2029
Honduras (HNL bn) 363.532 2029 yearly 1990 - 2029
Hong Kong SAR, China (HKD bn) 865.064 2030 yearly 1982 - 2030
Hungary (HUF bn) 50,519.031 2029 yearly 1995 - 2029
Iceland (ISK bn) 2,558.091 2029 yearly 1980 - 2029
India (INR bn) 151,611.822 2030 yearly 1989 - 2030
Indonesia (IDR bn) 5,468,663.624 2029 yearly 1993 - 2029
Iran (IRR bn) 102,170,609.775 2030 yearly 1991 - 2030
Iraq (IQD bn) 204,643.953 2029 yearly 2004 - 2029
Ireland (EUR bn) 161.203 2029 yearly 1980 - 2029
Israel (ILS bn) 1,053.304 2029 yearly 2000 - 2029
Italy (EUR bn) 1,200.142 2029 yearly 1988 - 2029
Ivory Coast (XOF bn) 17,297.009 2029 yearly 1997 - 2029
Jamaica (JMD bn) 1,331.228 2030 yearly 1991 - 2030
Japan (JPY bn) 285,838.584 2029 yearly 1980 - 2029
Jordan (JOD bn) 14.085 2029 yearly 1985 - 2029
Kazakhstan (KZT bn) 45,053.221 2029 yearly 2002 - 2029
Kenya (KES bn) 6,278.921 2029 yearly 1982 - 2029
Kiribati (AUD bn) 0.615 2029 yearly 1990 - 2029
South Korea (KRW bn) 700,035.486 2029 yearly 1995 - 2029
Kosovo (EUR bn) 4.315 2029 yearly 2000 - 2029
Kuwait (KWD bn) 27.335 2029 yearly 1985 - 2029
Kyrgyzstan (KGS bn) 792.705 2029 yearly 1995 - 2029
Laos (LAK bn) 50,372.610 2022 yearly 2000 - 2022
Latvia (EUR bn) 22.508 2029 yearly 1998 - 2029
Lebanon (LBP bn) 277,571.056 2023 yearly 1990 - 2023
Lesotho (LSL bn) 34.905 2030 yearly 1983 - 2030
Liberia (LRD bn) 1.506 2029 yearly 2000 - 2029
Libya (LYD bn) 128.676 2029 yearly 1990 - 2029

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Philippines Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.8 Sep 2024 quarterly Dec 1985 - Sep 2024
Consolidated Fiscal Balance (USD mn) -3,628.488 Nov 2024 monthly Jan 1985 - Nov 2024
Tax Revenue (USD mn) 5,492.677 Nov 2024 monthly Jan 1985 - Nov 2024
Tax Revenue: % of GDP (%) 15.6 Sep 2024 quarterly Mar 1985 - Sep 2024
National Government Debt (USD mn) 274,150.1 Nov 2024 monthly Jan 1993 - Nov 2024
Government Debt: % of GDP (%) 61.3 Sep 2024 quarterly Mar 1993 - Sep 2024
Forecast: Government Expenditure (PHP bn) 8,856.329 2029 yearly 1989 - 2029
Forecast: Government Net Debt (PHP bn) 22,005.550 2029 yearly 1993 - 2029
Forecast: Government Revenue (PHP bn) 8,175.786 2029 yearly 1989 - 2029
Govt Debt: Domestic and Foreign: Outstanding: Short Term (PHP mn) 758,153.300 Nov 2024 monthly Jan 2006 - Nov 2024
Govt Debt: Domestic and Foreign: Outstanding: Long Term (PHP mn) 13,003,878.000 Nov 2024 monthly Jan 2006 - Nov 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.556 2028 yearly 1980 - 2028
Trade Balance (USD mn) -4,135.8 Dec 2024 monthly Jan 1957 - Dec 2024
Total Exports (USD mn) 5,657.1 Dec 2024 monthly Jan 1979 - Dec 2024
Total Exports Growth (%) -2.2 Dec 2024 monthly Jan 1980 - Dec 2024
Aluminum: Exports (USD th) 172,934.333 2023 yearly 1995 - 2023
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) 9,792.9 Dec 2024 monthly Jan 1979 - Dec 2024
Total Imports Growth (%) -1.7 Dec 2024 monthly Jan 1980 - Dec 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) 947.767 Dec 2024 monthly Jan 1978 - Dec 2024
Total Imports from USA (USD mn) 644.484 Dec 2024 monthly Jan 1986 - Dec 2024
Total Exports to China (USD mn) 725.760 Dec 2024 monthly Jan 1984 - Dec 2024
Total Imports from China (USD mn) 2,617.353 Dec 2024 monthly Jan 1986 - Dec 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
Export Value Index (2015=100) 126.842 2021 yearly 1980 - 2021
Import Value Index (2015=100) 166.404 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -56.0 Sep 2024 monthly Jan 2005 - Sep 2024
Current Account Balance (USD mn) -2,198.3 Sep 2024 monthly Jan 1999 - Sep 2024
Current Account Balance: % of GDP (%) -4.3 Mar 2023 quarterly Mar 1981 - Mar 2023
Foreign Direct Investment (USD mn) 1,022.0 Oct 2024 monthly Jan 2005 - Oct 2024
Foreign Direct Investment: % of GDP (%) 2.0 Sep 2024 quarterly Mar 2005 - Sep 2024
Foreign Portfolio Investment (USD mn) 4,331.839 Sep 2024 quarterly Mar 2005 - Sep 2024
Foreign Portfolio Investment: % of GDP (%) 4.0 Sep 2024 quarterly Dec 1980 - Sep 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 632.6 Sep 2024 quarterly Mar 1996 - Sep 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 3,699.289 Sep 2024 quarterly Mar 1977 - Sep 2024
External Debt (USD mn) 139,643.3 Sep 2024 quarterly Mar 2005 - Sep 2024
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) -8.070 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) -74,249.007 Sep 2024 quarterly Dec 2012 - Sep 2024
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) -721.743 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Secondary Income: Debit: Payments (USD mn) 93.584 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: Change in Reserve Assets: Debit (USD mn) 3,540.703 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) 2,750.794 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) -56.003 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: FD: Net Acquisition of Financial Assets (USD mn) -106.020 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: Net Incurrence of Liabilities (USD mn) 8,335.793 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Primary Income (USD mn) 414.176 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: Financial Account (FA) (USD mn) -6,468.764 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Secondary Income (USD mn) 2,712.952 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Secondary Income: Credit: Receipts (USD mn) 2,806.536 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Debit: Payments (USD mn) 0.463 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: FD: Net Incurrence of Liabilities (USD mn) -109.359 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) 2,863.171 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Goods: Debit: Import (USD mn) 10,973.729 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Services: Debit: Import (USD mn) 3,242.350 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: Other Investments (OI) (USD mn) -5,935.605 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: Net Acquisition of Financial Assets (USD mn) 1,867.029 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: Current Account (CA) (USD mn) -2,198.350 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Goods (USD mn) -6,428.866 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Services (USD mn) 1,103.388 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Primary Income: Credit: Receipts (USD mn) 1,503.036 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Export (USD mn) 13,200.174 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: Direct Investment (DI) (USD mn) -424.122 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: Financial Derivatives (FD) (USD mn) 3.339 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: Capital Account (CA) (USD mn) 7.090 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Goods: Credit: Export (USD mn) 4,544.863 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) 5,213.863 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Services: Credit: Export (USD mn) 4,345.739 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 1,022.002 Oct 2024 monthly Jan 2005 - Oct 2024
BoP: CA: Primary Income: Debit: Payments (USD mn) 1,088.860 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Credit: Receipts (USD mn) 7.553 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Import (USD mn) 15,398.524 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: Portfolio Investment (PI) (USD mn) -112.376 Sep 2024 monthly Jan 2005 - Sep 2024
External Debt: By Country Profile: Country: UK (USD mn) 4,510.353 Sep 2024 quarterly Mar 2005 - Sep 2024
External Debt: By Country Profile: Country: USA (USD mn) 3,119.277 Sep 2024 quarterly Mar 2005 - Sep 2024
External Debt: By Country Profile: Country: Germany (USD mn) 1,601.742 Sep 2024 quarterly Mar 2005 - Sep 2024
External Debt: Medium and Long Term (USD mn) 118,527.393 Sep 2024 quarterly Mar 2005 - Sep 2024
External Debt: By Country Profile: Country: Japan (USD mn) 15,383.270 Sep 2024 quarterly Mar 2005 - Sep 2024
External Debt: By Country Profile: Country: France (USD mn) 1,223.412 Sep 2024 quarterly Mar 2005 - Sep 2024
FDI: Approved: Transportation & Storage (PHP mn) 28.845 Sep 2024 quarterly Mar 2010 - Sep 2024
FDI: Approved: Administrative & Support Services (PHP mn) 7,377.137 Sep 2024 quarterly Mar 2010 - Sep 2024
FDI: Approved: Manufacturing (PHP mn) 70,570.395 Sep 2024 quarterly Mar 2010 - Sep 2024
FDI: Approved: Information & Communication (PHP mn) 7.490 Sep 2024 quarterly Mar 2010 - Sep 2024
FDI: Approved: Real Estate Activities (PHP mn) 13,131.164 Sep 2024 quarterly Mar 2010 - Sep 2024
Business Closure (BC): All Industries (Unit) 3,294.000 2017 yearly 1995 - 2017
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.5 Nov 2024 monthly Mar 2008 - Nov 2024
Household Debt: % of GDP (%) 11.3 Sep 2024 quarterly Mar 2009 - Sep 2024
Non-Performing Loans (USD mn) 9,258.079 Sep 2024 quarterly Mar 2008 - Sep 2024
Money Supply M1 (USD mn) 120,185.015 Nov 2024 monthly Dec 1988 - Nov 2024
Money Supply M2 (USD mn) 300,262.049 Nov 2024 monthly Dec 1988 - Nov 2024
M2 Growth (%) 8.2 Nov 2024 monthly Dec 1989 - Nov 2024
Reserve Requirement Ratio (%) 7.0 Dec 2024 monthly May 1986 - Dec 2024
Foreign Exchange Reserves (USD mn) 90,842.5 Dec 2024 monthly Jan 1960 - Dec 2024
Foreign Exchange Reserves: Months of Import (NA) 9.3 Dec 2024 monthly Jan 1979 - Dec 2024
Gold Reserves (USD mn) 11,005.703 Dec 2024 monthly Dec 1956 - Dec 2024
Total Deposits (USD mn) 350,338.036 Sep 2024 quarterly Mar 2008 - Sep 2024
Total Deposits Growth (%) 7.1 Sep 2024 quarterly Mar 2009 - Sep 2024
Domestic Credit (USD mn) 338,659.9 Nov 2024 monthly Dec 2001 - Nov 2024
Domestic Credit Growth (%) 10.8 Nov 2024 monthly Dec 2002 - Nov 2024
Household Debt (USD mn) 52,186.8 Sep 2024 quarterly Mar 2009 - Sep 2024
Total Loans (USD mn) 236,037.904 Nov 2024 monthly Mar 2008 - Nov 2024
Total Loans Growth (%) 11.63 Nov 2024 monthly Mar 2009 - Nov 2024
Private Debt: % of Nominal GDP (%) 48.19 Sep 2024 quarterly Dec 2001 - Sep 2024
DCS: LA: M4: M3 (PHP mn) 18,066,880.798 Nov 2024 monthly Dec 2001 - Nov 2024
DCS: LA: M4: M3: M2 (PHP mn) 17,623,580.722 Nov 2024 monthly Dec 2001 - Nov 2024
DCS: LA: M4: M3: M2: M1 (PHP mn) 7,054,139.267 Nov 2024 monthly Dec 2001 - Nov 2024
DCS: Domestic Claims (DC) (PHP mn) 19,877,302.224 Nov 2024 monthly Dec 2001 - Nov 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 (%) 7.000 Dec 2024 monthly May 1986 - Dec 2024
CL: PBS: Real Estate: Residential (PHP bn) 1,061.789 Sep 2024 quarterly Mar 2009 - Sep 2024
Consumer Loans (CL): Philippine Banking System (PBS) (PHP bn) 2,916.823 Sep 2024 quarterly Mar 2009 - Sep 2024
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 61.869 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) -1.9 Dec 2024 quarterly Jun 2002 - Dec 2024
Business Outlook: Index: Industry: Current Quarter (Point) 34.545 Dec 2024 quarterly Jun 2001 - Dec 2024
Business Outlook: Index: Services: Current Quarter (Point) 52.860 Dec 2024 quarterly Jun 2001 - Dec 2024
PH: Ease of Doing Business Rank: 1=Most Business-friendly Regulations (NA) 95.000 2019 yearly 2019 - 2019

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