GFCE grew at a slower pace by 1.7 percent in the first quarter of 2024 from 6.2 percent growth in the same period in 2023. (Figure 6)
Figure 6. Government final consumption expenditure,
Q1 2021 to Q1 2024 Growth Rates,
At constant 2018 prices
Source: Philippine Statistics Authority
Press Conference on the 2024 First Quarter Performance of the Philippine Economy
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