General government revenue (National Currency) for Philippines is PHP 2,404.54 Billions. Revenue consists of taxes, social contributions, grants receivable, and other revenue. Revenue increases government?s net worth, which is the difference between its assets and liabilities (GFSM 2001, paragraph 4.20). Note: Transactions that merely change the composition of the balance sheet do not change the net worth position, for example, proceeds from sales of nonfinancial and financial assets or incurrence of liabilities.
In the previous year, 2013, General government revenue (National Currency) for Philippines was PHP 2,136.30 Billions General government revenue (National Currency) for Philippines in 2014 was or will be 12.56% more than it was or will be in 2013.
In the following or forecasted year, 2015, General government revenue (National Currency) for Philippines was or will be PHP 2,637.96 Billions, which is 9.71% more than the 2014 figure.