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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
PhilippinesPhilippines Government Budget fell to -2.5% in February 2013
FMPMonthlyReleased March 2013
Philippines Government Budget fell to -2.5% in February 2013, released March 2013, down 0.5% from January's -2.0% reading.
Latest Release
-2.500000
Actual
—
Consensus
-2.000000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Government Budget (Philippines) was reported at -2.5% in March 2013. The reading fell from the previous value of -2%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Inflation Rate YoY (Jun 5).
Auto-generated from current model state · Refreshes on each release · Last update March 2013.
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Government Budget - PH
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About Government Budget — Philippines
DEFINITION
Deficit The Government Budget Deficit is a financial indicator that measures the amount by which a government's expenditures exceed its revenues in a given period of time. It reflects the financial health of a country's government and can have significant impacts on its economy, including inflation and interest rates. A high budget deficit may indicate a need for increased borrowing or tax increases, while a low deficit may suggest a strong economy and prudent fiscal management. This indicator is closely monitored by economists and policymakers as it can provide insights into a government's spending and revenue patterns, and its overall fiscal sustainability.
WHY THIS INDICATOR MATTERS
Fiscal and debt-supply data influence sovereign-yield term premia and currency expectations, particularly when supply pressures interact with policy normalization. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2013): actual -2.5 %.