Total National Government (NG) expenditures in January to September 2022 amounted to P3.67 trillion. This is about P293.9 billion or 8.7% higher than the P3.38 trillion level from the same period last year (Table 1). While total expenditures continue to expand, growth rate in spending, however, is slower in 2022 compared to 2021 growth rate of 11.7%. The slower growth rate can be attributed to the election spending ban and the change in NG administration in the first semester of 2022. Third quarter expenditures in 2022 is 25.5% of the country’s gross domestic product (GDP) for the period.
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