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| 27 |
NATIONAL GOVERNMENT CASH OPERATIONS |
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for
periods indicated |
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in
million pesos |
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January - February |
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2021 |
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2022 |
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2023 |
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2023 |
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2024 p |
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| I. |
Revenues, of which: |
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3,005,539 |
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3,545,505 |
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3,824,105 |
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560,035 |
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645,817 |
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Annual Growth Rate (%) |
5.2 |
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18.0 |
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7.9 |
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14.2 |
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15.3 |
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A. |
Tax |
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2,742,721 |
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3,220,315 |
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3,429,292 |
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502,684 |
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596,464 |
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Tax Effort 1 |
14.1 |
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14.6 |
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14.1 |
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- |
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- |
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B. |
Non-Tax including Grants |
262,818 |
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325,190 |
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394,813 |
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57,351 |
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49,353 |
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| II. |
Expenditures |
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4,675,639 |
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5,159,640 |
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5,336,191 |
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620,659 |
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722,543 |
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Annual Growth Rate (%) |
10.6 |
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10.4 |
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3.4 |
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0.2 |
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16.4 |
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of which: |
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A. |
Interest Payments |
429,432 |
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502,858 |
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628,333 |
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81,079 |
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122,048 |
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1. |
Domestic |
333,335 |
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383,452 |
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435,742 |
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48,571 |
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83,173 |
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2. |
Foreign |
96,097 |
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119,406 |
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192,591 |
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32,508 |
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38,875 |
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B. |
Net Lending & Equity |
65,397 |
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38,363 |
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27,318 |
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23 |
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9 |
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| III. |
Surplus/Deficit (-) |
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-1,670,100 |
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-1,614,135 |
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-1,512,086 |
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-60,624 |
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-76,726 |
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Ratio to GDP 2 |
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-8.6 |
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-7.3 |
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-6.2 |
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- |
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- |
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| IV. |
Financing 3 |
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2,252,181 |
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1,966,404 |
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2,070,852 |
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671,344 |
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536,108 |
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A. |
Net Domestic Borrowings |
1,920,700 |
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1,576,802 |
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1,632,930 |
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506,799 |
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556,423 |
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Gross Domestic Borrowings |
2,010,554 |
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1,643,399 |
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1,634,230 |
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506,941 |
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556,737 |
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Less:
Amortizations |
89,854 |
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66,597 |
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1,300 |
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142 |
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314 |
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B. |
Net External Borrowings |
331,481 |
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389,602 |
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437,922 |
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164,545 |
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-20,315 |
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Gross External Borrowings |
568,668 |
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520,091 |
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559,035 |
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203,547 |
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66,387 |
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Less:
Amortizations |
237,187 |
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130,489 |
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121,113 |
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39,002 |
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86,702 |
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| V. |
Change in Cash: Deposit/Withdrawal (-) |
66,080 |
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-119,148 |
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-164,616 |
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412,133 |
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1,255,794 |
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| 1 |
Tax effort is computed as tax revenues as
percent to nominal GDP. |
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| 2 |
Based on the latest data on Gross Domestic
Product at current prices published by the Philippine Statistics Authority. |
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| 3 |
Based on the concept of the Government
Finance Statistics Manual 2014 wherein reporting of debt amortization
reflects the actual principal |
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repayments to creditor including those
serviced by the Bond Sinking Fund; while financing includes gross proceeds of
liability |
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management transactions such as bond exchange. |
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| - |
Not available |
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| Details may not add up to total
due to rounding. |
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| Sources: Bureau of the Treasury
and Philippine Statistics Authority |
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