Fiscal Balance in Philippines

Philippines Fiscal Balance | Economic News & Forecasts

Philippines - Fiscal Balance

After the upward growth surprise in Q3, activity is likely slowing slightly in Q4, but mainly due to a tougher base effect. Amid looser restrictions and fewer Covid-19 cases, private consumption should be supporting momentum, as suggested by strong import growth in October. Meanwhile, government spending growth remained robust in October and the manufacturing PMI rose through November. Moreover, investment likely continues to be aided by low interest rates and the “build, build, build” public infrastructure program, notwithstanding weakened private sector balance sheets and political uncertainty. However, the external sector is likely being hit by restrained growth in China, supply bottlenecks and the Omicron variant. Export growth was down significantly in October, while the government was forced to introduce restrictions on inbound tourism in December in response to the new strain.

Philippines - Fiscal Balance Data

2015   2016   2017   2018   2019  
Fiscal Balance (% of GDP)-0.9  -2.3  -2.1  -3.1  -3.4  

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Philippines Facts

Value Change Date
Bond Yield4.44-4.11 %Dec 27
Exchange Rate50.660.02 %Jan 01

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