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Indonesia vs Philippines Economy Stats Compared

Revenues calculated on an exchange rate basis, i. This entry records the difference between national government revenues and expenditures, expressed as a percent of GDP. Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money. Countries with high budget deficits relative to their GDPs generally have more difficulty raising funds to finance expenditures, than those with lower deficits.