4th Quarter 2016

Gross National Income & Gross Domestic Product

Government Final Consumption Expenditure (GFCE) decelerates

Government Final Consumption Expenditures recorded a 4.0 percent growth in the fourth quarter of 2016. This was slower than the 15.8 percent during the same period in 2015. The decrease was due to the decline in the maintenance and other operating expenditures of various government agencies. Some programs of the government were already completed during the first semester of the 2016. Moreover, the deceleration can be attributed to the higher spending during the fourth quarter of 2015 due to the expenses incurred in the hosting of the APEC 2015 Summit and the preparation of the COMELEC for the 2016 National Elections. 
 

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