Fiscal Balance in Philippines

Philippines Fiscal Balance | Economic News & Forecasts

Philippines - Fiscal Balance

Economic growth likely slowed in the first quarter of this year from Q4 2018’s recently revised print, owing to increasing headwinds from both the domestic and external sectors. The manufacturing sector continued to weaken in March, with the PMI falling to a 7-month low and business confidence slumping to the lowest level in the survey’s three-year history. Likewise, merchandise exports slumped again in February. Meanwhile, the protracted budget deadlock continues to derail new public works projects and social program spending that were scheduled to begin this year. This, coupled with the election spending ban on new infrastructure projects (spanning from the end of March to mid-May), suggest public investment will likely be feeble in the first half of the year, which would eat into overall growth in Q1 and Q2.

Philippines - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-1.4  -0.6  -0.9  -2.4  -2.2  

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Philippines Facts

Bond Yield5.80-4.11 %May 10
Exchange Rate52.460.02 %May 13
Stock Market7,7420.66 %May 10

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