Philippines - Government Budget Balance

Philippines: Government Budget Balance

Mnemonic	GVBAL.IPHL
Unit	Mil. PHP, NSA
Adjustments	Not Seasonally Adjusted
	Monthly	25.1 %
Data	Nov 2022	-123,929
	Oct 2022	-99,061

Series Information

Source	Bureau of the Treasury (BTR)
Release	National government cash operations
Frequency	Monthly
Start Date	1/31/1986
End Date	11/30/2022

Philippines: Government

	Reference	Last	Previous	Units	Frequency
Government Budget Balance	Nov 2022	-123,929	-99,061	Mil. PHP, NSA	Monthly
Outstanding Public Debt - Domestic	Nov 2022	18,792	23,301	Mil. PHP, NSA	Monthly
Outstanding Public Debt - Foreign	Nov 2022	42,597	16,516	Mil. PHP, NSA	Monthly
Gross External Debt	2022 Q3	107,909	107,692	Mil. USD, NSA	Quarterly
Outstanding Public Debt	2022 Q3	3,346,164,734,900	3,174,438,895,700	NCU, NSA	Quarterly
Government Expenditures	Aug 2022	404,476	395,395	Mil. PHP, NSA	Monthly
Government Revenues	Aug 2022	332,440	308,632	Mil. PHP, NSA	Monthly

Release Information

Description

For the Philippines, major items of the central government budget: balance, revenue, expenditure, financing, budgetary and non-budgetary change in cash.

Properties

Framework: IMF GFSM 1986, 2001 and 2014
Measurement: Millions of Philippine pesos (Mil. PHP)
Adjustment: Not seasonally adjusted (NSA)
Native frequency: Monthly
Start dates:
- 1986m1 for most
- 2003m1 for "change in cash" detail

Methodology

National Government Debt Service captures the total debt, in interest payments for domestic and foreign debts; the principal payments for domestic and foreign debts (in Million Pesos).

National Government Fiscal Position captures the total revenues, expenditures, surplus/(-)Deficit, Financing, Change-In-Cash Budgetary, Non-Budgetary in the government's fiscal account (in Million Pesos).

Debt data are broken down into domestic and foreign debt and further divided into short, medium and long term maturity. Data includes debt guaranteed by the central government, such as guarantees for loans and other liabilities of government financial institutions and government owned and controlled corporations.

Domestic and foreign debt data are sourced from the administrative records of the Bureau of the Treasury’s Payments Division and Debt Monitoring and Analysis Division, respectively.

Moody's Analytics supplements

For the headline items plus interest payments, we construct seasonally adjusted counterparts, using X-13ARIMA-SEATS.

Revisions

The data are subject to revision should there be any. Any revisions or changes for the previous month are reflected in the current report.