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Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Philippines Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Philippines Government Budget - was last refreshed on Wednesday, July 29, 2015.