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Philippines

Fiscal Balance

-8.6
percent of GDP
Source: IMF

Global Ranking

162
Malta-8
163
Kiribati-8.02
164
Papua New Guinea-8.12
165
El Salvador-8.19
166
Aruba-8.5
167
Philippines-8.6
167
Cape Verde-8.6
169
Iceland-8.9
170
Dominica-8.97
171
Mauritius-9
171
Zambia-9

Asia Ranking

20
Burma (Myanmar)-5.65
21
China-6.17
22
Bhutan-6.3
23
Malaysia-6.4
24
Pakistan-7.1
25
Philippines-8.6
26
Thailand-9.1
27
Sri Lanka-12.2
28
India-13.5
29
Maldives-16.65
30
Brunei-19.26

Definition of Fiscal Balance

The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.

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