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Written by Webmaster
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Wednesday, 22 November 2006 |
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Page 1 of 2 National Budget
| Total Volume | 2002
| 2003 | 2004 | 2005
| 2006 (prognose)
| in Billion Pesos
| 778.0
| 826.5 | 886.8 | 942.5 | 1,032.0 | n Billion Euro
| 16.0 | 13.5 | 12.7 | 13.7 | 15.7 |
| Deficit | 2002 | 2003 | 2004 | 2005 | 2006 | | in Billion Pesos | 212.7 | 199.9 | 187.1 | 146.8 | 80.2
| | in Billion Euro | 4.4 | 3.3 | 2.7 | 2.1 | 1.2 | | in % of GDP | 5.2 | 4.6 | 3.9 | 2.7 | 1.3 |
Breakdown of budgetary expenditure(2005)
Debt service
| 34.1% | Education
| 14.7% | Internal security
| 5.9% | Infrastructure
| 5.9% | Health and social security
| 5.8% | Defence
| 4.8% | Agriculture
| 2.8% | Miscellaneous
| 26.0% |
Breakdown of budgetary revenue (2005)
Income and corporation taxes
| 41.4%
| Turnover tax and excise duty
| 29.4%
| Customs duties and trading taxes
| 19.3%
| Land tax
| 0.1%
| Non-taxable income
| 9.8%
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Most important tax rates
Corporation tax 32% and 0 /5% in special economic zones (s. u.)
Turnover tax 10%
Income tax 0–35% for foreigners resident and working in the Philippines
25% for foreigners not resident and working in the Philippines
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Last Updated ( Tuesday, 28 November 2006 )
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The Philippines 
