National Government Cash Operations

Footnotes

Note: GDP-related ratios are computed based on the revised National Account series (2000=100)
1 Revised series to compute tax effort as percent of GDP (instead of GNI in the old series); to be consistent with
international practice adopted by the Department of Finance (DOF)
2 Including Grants
3 Starting 2004, data are based on the revised financing, which are sourced from the National Government Cash
Operations of the Bureau of the Treasury (BTr) to conform with the Government Finance Statistics Manual (GFSM) 2014
concept where reporting of debt amortization
reflects the actual principal repayments to creditor including those serviced by the Bond Sinking Fund (BSF), while
financing includes gross proceeds of liability management transactions such as bond exchange.
4 Refer to accounts not included in the NG budget, e.g., sale, purchase or redemption of government securities, but
included in the cash operations report to show the complete relationship
in the movements of the cash accounts
a Latest comparative GDP/GNI ratios refer to the January-September data
Source : Bureau of the Treasury