FLOW OF FUNDS SUMMARY MATRIX, BY SECTOR            
2008                
in million pesos              
                   
      Non-Financial Financial General Households 1 DOMESTIC Rest of the TOTAL
     TRANSACTION CATEGORIES Corporations Corp. Government   ECONOMY 2 World VOLUME
CAPITAL ACCOUNT
   
Gross Saving and Capital Transfers 440,400 54,163 243,289 571,470 1,309,323 -177,930 1,131,393
  Saving 440,400 54,040 239,248 573,234 1,306,923 -175,530 1,131,393
  Net capital transfers 0 123 4,041 -1,764 2,400 -2,400 0
   
Capital Accumulation 443,989 19,720 234,529 433,252 1,131,490 -97 1,131,393
  Gross Capital formation 442,005 19,720 232,580 437,088 1,131,393 0 1,131,393
  Other capital accumulation 1,984 0 1,949 -3,836 97 -97 0
   
Net Lending (+) / Net Borrowing ( - ) 3 -3,589 34,444 8,760 138,218 177,833 -177,833 0
Errors and omissions  0 0 -1 0 0 0 0
                   
FINANCIAL ACCOUNT
   
Net Financing 3 -3,589 34,444 8,760 138,218 177,833 -177,833 0
   
Net Acquisition of Financial Assets 833,848 817,674 311,759 468,449 2,431,729 -252,603 2,179,126
   
  Monetary gold and SDRs -16,485 -16,485 16,485 0
  Currency and deposits -48,677 69,287 106,606 243,205 370,421 -11,547 358,874
  Securities, other than shares 247,017 363,552 183,607 120,741 914,917 -172,493 742,424
  Loans 1,379 375,837 -4,740 0 372,476 -72,472 300,004
  Shares and other equity 224,811 -42,820 -20,416 -976 160,600 -7,784 152,816
  Insurance technical reserves 0 -100 48 28,172 28,120 0 28,120
  Other accounts receivable 409,318 68,403 46,653 -6,482 517,891 -4,792 513,099
  Unclassified items 4 83,789 83,789 83,789
   
Net Incurrence of Liabilities 837,437 783,230 302,998 330,231 2,253,896 -74,770 2,179,126
   
  Monetary gold and SDRs  
  Currency and deposits 574,471 574,471 -215,597 358,874
  Securities, other than shares 23,014 28,503 254,717 306,234 436,190 742,424
  Loans 142,514 -62,082 32,735 330,231 443,398 -143,394 300,004
  Shares and other equity 56,153 88,025 144,178 8,638 152,816
  Insurance technical reserves 28,120 28,120 0 28,120
  Other accounts payable 615,756 126,193 15,546 757,495 -244,396 513,099
  Unclassified items 4 83,789 83,789
                   
NET LENDING / NET FINANCING BY FINANCIAL INSTRUMENT  
   
Net Financing 3 -3,589 34,444 8,760 138,218 177,833 -177,833 0
   
  Monetary gold and SDRs -16,485 -16,485 16,485 0
  Currency and deposits -48,677 -505,184 106,606 243,205 -204,050 204,050 0
  Securities, other than shares 224,003 335,049 -71,110 120,741 608,683 -608,683 0
  Loans -141,135 437,919 -37,475 -330,231 -70,922 70,922 0
  Shares and other equity 168,658 -130,844 -20,416 -976 16,422 -16,422 0
  Insurance technical reserves 0 -28,220 48 28,172 0 0 0
  Other accounts receivable (+) /payable (-) -206,438 -57,791 31,107 -6,482 -239,604 239,604 0
  Unclassified items 4 83,789 83,789 -83,789 0
   
Memorandum Items:  
  M4 5 684,995 684,995  
  Net Direct Foreign Investment 33,326 33,326  
      Equity 33,326 33,326  
   
                   
   
1 Includes entrepreneurial activities of households as well as all other unaccounted transactions in the domestic economy; also covers non-profit institutions serving households (NPISH)
2 Refers to the sum of the domestic sectors' transactions among themselves and with the rest of the world (ROW)  
3 Net acquisition of financial assets less net incurrence of financial liabilities  
4 Represents the unclassified financial assets/liabilities in the Balance of Payments, including derivatives  
5 Based on the new Depository Corporations Survey data   
   
Sources of Data:  
  1. COA annual reports of NG, LGUs and Government-Owned-and-Controlled Corporations (GOCCs)  
  2. Annual report of the BSP, financial statement of CB-BOL and the consolidated financial statements of banks and other financial institutions submitted to the BSP  
  3. Annual reports of Insurance Commission, Government Service Insurance System (GSIS) and Social Security System (SSS) 
  4. Structured financial statements of private corporations and the Philippines 8000 Corporations, from the Securities and Exchange Commission (SEC)  
  5. Budget of Expenditures and Sources of Financing from the Department of Budget and Management, Bloomberg and Philippine Stock Exchange