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    Tax revenues in the Philippines have grown substantially over the past decade, increasing from 460 billion pesos in 2000 to an estimated 1.1 trillion pesos in 2009, representing an average annual growth rate of 11%. Tax revenues as a percentage of GDP have averaged 13.4% but have fluctuated between a low of 12.4% in 2004 and a high of 14.3% in 2006 and 2010. The government projects tax revenues to reach 1.2 trillion pesos in 2010, growing 10.4% over the previous year.

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    Tax revenues in the Philippines have grown substantially over the past decade, increasing from 460 billion pesos in 2000 to an estimated 1.1 trillion pesos in 2009, representing an average annual growth rate of 11%. Tax revenues as a percentage of GDP have averaged 13.4% but have fluctuated between a low of 12.4% in 2004 and a high of 14.3% in 2006 and 2010. The government projects tax revenues to reach 1.2 trillion pesos in 2010, growing 10.4% over the previous year.

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    37 views1 page

    Arroyo's Tax Revenue Records

    Uploaded by

    mobilemaui
    Tax revenues in the Philippines have grown substantially over the past decade, increasing from 460 billion pesos in 2000 to an estimated 1.1 trillion pesos in 2009, representing an average annual growth rate of 11%. Tax revenues as a percentage of GDP have averaged 13.4% but have fluctuated between a low of 12.4% in 2004 and a high of 14.3% in 2006 and 2010. The government projects tax revenues to reach 1.2 trillion pesos in 2010, growing 10.4% over the previous year.

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    of 1

    Tax Revenues: per year, annual growth, tax effort (as % GDP)

    Tax Tax
    Revenue Annual Nominal Revenue
    Growth, GDP, Bil
    Bil P % P % of GDP
    ACTUAL      
    2000 460.03 6.6%  3,354.7 13.7%
    2001 493.61 7.3% 3,631.5 13.6%
    2002 507.64 2.8% 3,883.2 13.1%
    2003 550.47 8.4% 4,316.4 12.8%
    2004 604.97 9.9% 4,871.6 12.4%
    2005 705.62 16.6% 5,437.9 13.0%
    2006 859.86 21.9% 6,032.6 14.3%
    2007 932.94 8.5% 6,647.3 14.0%
    2008 1049.18 12.5% 7,423.2 14.1%
    AVE
    . 11.0% 13.4%
    PROJECTED      
    2009 1,082.6 3.2% 7,794.8 13.9%
    2010 1,195.7 10.4% 8,337.4 14.3%
    Source: Office of Minority Floor Leader Rep. Ronaldo Zamora

     Summary of RP Fiscal performance since 1975

    Surplus / Deficit As % of Surplus / Deficit As % of


    in Mil P Nom. GDP in Mil P Nom. GDP
    1975 -1,403 -1.2% 1993 -21,891 -1.5%
    1976 -2,349 -1.7% 1994 16,286 1.0%
    1977 -2,852 -1.8% 1995 11,074 0.6%
    1978 -2,167 -1.2% 1996 6,254 0.3%
    1979 -342 -0.2% 1997 1,564 0.1%
    1980 -3,387 -1.4% 1998 -49,982 -1.9%
    1981 -12,146 -4.3% 1999 -111,658 -3.8%
    1982 -14,404 -4.5% 2000 -134,212 -4.0%
    1983 -7,431 -2.0% 2001 -147,023 -4.0%
    1984 -10,065 -1.9% 2002 -210,741 -5.3%
    1985 -11,141 -1.9% 2003 -199,868 -4.6%
    1986 -31,252 -5.1% 2004 -187,057 -3.8%
    1987 -16,693 -2.4% 2005 -146,778 -2.7%
    1988 -23,206 -2.9% 2006 -64,791 -1.1%
    1989 -19,567 -2.1% 2007 -12,441 -0.2%
    1990 -37,194 -3.5% 2008 -68,117 -0.9%
    1991 -26,348 -2.1% 2009 -250,000 -3.2%
    1992 -15,966 -1.2% 2010 -233,448 -2.8%
    * 2009 & 2010 data are projections Sources: PIDS, BSP, BTr, 2010 BESF

    Source: Office of Minority Floor Leader Rep. Ronaldo Zamora

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