Philippines - Government Budget Balance

Philippines: Government Budget Balance

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

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

  • 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

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.

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

Further reading

At the IMF (SDDS):