RP budget balance, 2009-2010

The pattern of expenditures always larger than revenues continue. So the pattern of continued borrowing to plug the deficit also continues.

Budget balance, Philippines, in Billion Pesos (except percent)

  2001 2005 2009 2010
Revenues 567.5 816.2 1,123.2 1,207.9
Expenditures 714.5 962.9 1,421.7 1,522.4
Balance -147.0 -146.8 -298.5 -314.5
% of GDP -4.0% -2.7% -3.9% -3.7%

Source: DOF, http://www.dof.gov.ph/stat/ECONUPDATEOCT2010.pdf

Bureau of Treasury (BTr), DOF,  http://www.treasury.gov.ph/news/news/2010%20Fiscal%20Report%20v2%20with%20graphs.pdf

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