Philippine Government Budget Deficit as a % of GDP

The credit rating of the Philippine Government was recently upgraded one level up investment grade (from BBB- to BBB) by Standard & Poors last May 8, 2014.  Aside from solid economic growth of 7.2% in 2013, government finances have been on a steady uptrend.  The government deficit, at -1.42% of GDP, is less than half of the -3.49% level when President Aquino assumed power in 2010.

Source: NSCB.GOV.PH, BSP.GOV.PH