Fiscal Situation of General Government: Net Lending/borrowing for Philippines
PHLGGXCNLG01GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.68
Year-over-Year Change
123.05%
Date Range
1/1/1990 - 1/1/2029
Summary
The 'Fiscal Situation of General Government: Net Lending/borrowing for Philippines' measures the government's net lending or borrowing position as a percentage of GDP. This metric is crucial for economists and policymakers to assess the sustainability of a country's fiscal policy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic trend reflects the difference between the government's total revenue and total expenditure, providing insight into the country's fiscal balance. It is a key indicator used by analysts and institutions to evaluate the Philippine government's fiscal management and plan appropriate policy responses.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF) based on national accounts statistics.
Historical Context
This metric is widely referenced by economists, investors, and policymakers to gauge the Philippine government's ability to manage its budget and debt obligations.
Key Facts
- The Philippines recorded a government net lending of 1.4% of GDP in 2019.
- The country's fiscal deficit widened to 7.6% of GDP in 2020 due to the COVID-19 pandemic.
- The Philippine government aims to gradually reduce its fiscal deficit to 3% of GDP by 2024.
FAQs
Q: What does this economic trend measure?
A: The 'Fiscal Situation of General Government: Net Lending/borrowing for Philippines' measures the difference between the Philippine government's total revenue and total expenditure as a percentage of GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing the sustainability of the Philippine government's fiscal policy and its ability to manage its budget and debt obligations.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund (IMF) based on national accounts statistics.
Q: How is this trend used in economic policy?
A: This metric is widely referenced by economists, investors, and policymakers to gauge the Philippine government's fiscal management and plan appropriate policy responses.
Q: Are there update delays or limitations?
A: The data is subject to the timely release of national accounts statistics by the Philippine government and the processing and publication schedule of the IMF.
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Citation
U.S. Federal Reserve, Fiscal Situation of General Government: Net Lending/borrowing for Philippines (PHLGGXCNLG01GDPPT), retrieved from FRED.