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Philippines : Selected economic Indicators (%), Fiscal indicators

3.28.1 Selected economic indicators (%) 2013 2014 GDP growth 6.0 5.9 Inflation 3.6 3.8 Current account balance 3.0 3.2 (share of GDP) Source: ADB estimates. 3.28.5 Fiscal indicators Revenue growth Expenditure growth Fiscal balance | % of GDP 15_ - 15 10_ - 10 - 5_ -5_ -5 -10- --10 2008 2009 2010 2011 2012 Sources: CEIC Data Company; Bureau of the Treasury. http://www.treasury.gov.ph (both accessed 16 March 2013). 3.28.1 Selected economic indicators (%) 2013 2014 GDP growth 6.0 5.9 Inflation 3.6 3.8 Current account balance 3.0 3.2 (share of GDP) Source: ADB estimates. 3.28.5 Fiscal indicators Revenue growth Expenditure growth Fiscal balance | % of GDP 15_ - 15 10_ - 10 - 5_ -5_ -5 -10- --10 2008 2009 2010 2011 2012 Sources: CEIC Data Company; Bureau of the Treasury. http://www.treasury.gov.ph (both accessed 16 March 2013).

Philippines : Selected economic Indicators (%), Fiscal indicators

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Under-spending of budgeted allocations held the fiscal deficit to 2.3% of GDP (Figure 3.28.5), below the programmed level but a slightly wider deficit than in 2011. The ratio of tax revenue to GDP i...

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