Geostarna

Government Finance of the Philippines

Loading...

Categories

Overview Economy Population Trade Government Finance Society Environment

Tax Revenue Composition

17.5% 16.4% 15.6% 41.3%
  • Personal income taxes: 17.5%
  • Corporate income taxes: 16.4%
  • Social security contributions: 15.6%
  • Property taxes: 2.6%
  • Goods and services taxes: 41.3%
  • Other taxes: 5.1%
Show table
Personal income taxes
17.5%
Corporate income taxes
16.4%
Social security contributions
15.6%
Property taxes
2.6%
Goods and services taxes
41.3%
Other taxes
5.1%

Source: OECD Global Revenue Statistics Database, 2023.

Government Debt

Government Gross Debt (% of GDP) 60.2% #76 / 184 2026
Government Gross Debt (Local currency - PHP) 18.21T - 2026
Government Net Debt (% of GDP) No data - -
Government Net Debt (Local currency - PHP) No data - -

Fiscal Balance

Fiscal Balance (% of GDP) -3.7% #117 / 189 2026
Fiscal Balance (Local currency - PHP) -1.11T - 2026
Primary Fiscal Balance (% of GDP) -0.8% #82 / 182 2026
Primary Fiscal Balance (Local currency - PHP) -257B - 2026

Revenue and Spending

Government Revenue (% of GDP) 20.3% #131 / 189 2026
Government Revenue (Local currency - PHP) 6.14T - 2026
Government Spending (% of GDP) 24% #127 / 189 2026
Government Spending (Local currency - PHP) 7.25T - 2026

International Reserves

Total Reserves (USD) 106B #27 / 163 2024

© 2026 Geostarna