Philippines - Government Budget Balance





Philippines: Government Budget Balance

Mnemonic GVBAL.IPHL
Unit Mil. PHP, NSA
Adjustments Not Seasonally Adjusted
Monthly 329.96 %
Data Dec 2023 -400,956
Nov 2023 -93,254

Series Information

Source Bureau of the Treasury (BTR)
Release National government cash operations
Frequency Monthly
Start Date 1/31/1986
End Date 12/31/2023

Philippines: Government

Reference Last Previous Units Frequency
Government Budget Balance Dec 2023 -400,956 -93,254 Mil. PHP, NSA Monthly
Outstanding Public Debt - Domestic Dec 2023 43,678 35,353 Mil. PHP, NSA Monthly
Outstanding Public Debt - Foreign Dec 2023 25,188 21,321 Mil. PHP, NSA Monthly
Gross External Debt 2023 Q3 118,833 117,918 Mil. USD, NSA Quarterly
Outstanding Public Debt 2023 Q3 3,826,440,890,800 3,748,656,212,800 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):