National Accounts

Financial balance sheet of the general government, reference 2018 (billions of pesos)
Sel. Serie I.2013 II.2013 III.2013 IV.2013 I.2014 II.2014 III.2014 IV.2014 I.2015 II.2015 III.2015 IV.2015 I.2016 II.2016 III.2016 IV.2016 I.2017 II.2017 III.2017 IV.2017 I.2018 II.2018 III.2018 IV.2018 I.2019 II.2019 III.2019 IV.2019 I.2020 II.2020 III.2020 IV.2020 I.2021 II.2021 III.2021 IV.2021 I.2022 II.2022 III.2022 IV.2022 I.2023 II.2023 III.2023 IV.2023 I.2024 II.2024 III.2024 IV.2024
I. Outstanding financial assets 33,683 35,721 36,615 36,396 39,272 40,292 42,908 39,628 40,185 42,788 47,513 46,609 48,105 49,301 49,471 46,584 48,235 52,803 49,851 46,637 46,793 50,115 52,615 53,551 54,835 58,113 61,387 59,840 71,888 72,457 68,816 62,610 65,853 67,164 74,351 71,964 70,464 87,884 87,089 78,102 76,267 78,656 83,341 82,053 89,096 90,777 93,016 96,832
      Currency and deposits, assets 6,980 7,914 7,915 8,008 7,287 7,945 7,926 8,877 7,888 8,314 8,205 9,300 8,916 9,904 9,683 9,676 9,501 11,191 10,322 10,239 9,645 10,467 11,545 10,924 11,018 12,721 11,976 11,746 13,583 12,740 13,130 11,070 10,024 10,872 12,922 10,146 10,255 13,925 13,005 14,688 14,537 16,120 15,209 14,177 15,581 15,962 16,077 15,625
            Currency and transferable deposits, assets 5,201 5,255 5,243 5,695 4,856 5,364 4,877 5,028 5,028 5,214 5,204 5,872 5,637 6,275 5,971 6,540 6,539 6,383 6,465 6,615 6,719 6,657 7,065 7,175 7,104 7,185 7,595 8,146 7,901 7,891 7,657 7,290 7,352 8,000 9,632 8,941 8,837 9,660 10,899 12,597 12,881 13,644 13,743 12,589 13,773 14,007 13,785 13,885
            Other deposits, assets 1,780 2,659 2,671 2,313 2,430 2,582 3,049 3,849 2,860 3,100 3,001 3,428 3,279 3,628 3,712 3,136 2,962 4,808 3,856 3,624 2,927 3,810 4,480 3,749 3,914 5,536 4,381 3,600 5,682 4,849 5,474 3,781 2,672 2,871 3,289 1,205 1,418 4,265 2,106 2,091 1,656 2,476 1,466 1,588 1,808 1,955 2,291 1,740
      Debt securities, assets 12,740 12,321 12,870 12,148 13,663 13,953 14,506 13,731 14,090 15,482 17,691 15,038 16,900 17,461 17,625 14,838 15,482 17,086 16,048 14,185 13,866 13,769 13,718 14,277 13,658 13,479 14,483 13,195 18,528 18,837 13,418 11,646 12,228 9,608 9,739 10,049 13,332 19,317 18,640 13,757 11,809 11,398 11,907 11,599 11,887 11,212 12,193 10,776
            Short-term debt securities, assets 3,106 2,261 3,292 2,279 3,071 3,061 3,127 2,101 2,626 3,219 4,030 2,492 3,456 3,992 4,011 2,035 3,007 3,668 3,190 2,068 1,870 1,378 1,728 1,523 1,655 1,732 1,580 1,287 2,426 3,542 1,767 3,059 4,535 3,065 3,759 3,668 4,780 9,567 8,769 4,331 2,958 3,206 2,417 546 619 449 1,586 252
            Long-term debt securities, assets 9,633 10,059 9,579 9,868 10,592 10,892 11,378 11,631 11,464 12,263 13,661 12,546 13,444 13,469 13,614 12,803 12,475 13,417 12,858 12,117 11,996 12,391 11,990 12,754 12,003 11,747 12,903 11,909 16,102 15,295 11,651 8,586 7,692 6,543 5,980 6,380 8,552 9,750 9,871 9,426 8,851 8,192 9,490 11,054 11,268 10,763 10,608 10,524
      Loans, assets 2,696 2,987 2,887 2,740 3,079 3,000 2,938 3,018 3,301 3,594 3,486 3,774 4,129 4,048 3,928 4,256 4,388 4,702 4,670 4,672 4,940 5,482 5,486 5,897 6,154 6,509 6,806 6,183 6,816 6,459 7,214 7,360 7,782 9,093 8,885 8,927 9,137 9,755 8,812 8,767 8,763 9,044 9,506 10,292 11,072 11,181 11,263 11,388
            Short-term loans, assets 232 557 542 244 366 331 378 194 271 642 454 404 527 514 441 470 385 709 584 128 129 598 463 512 418 755 922 437 733 401 493 361 473 1,157 798 835 791 1,455 568 584 187 541 900 987 1,046 1,163 1,152 974
            Long-term loans, assets 2,464 2,430 2,345 2,496 2,713 2,670 2,561 2,824 3,031 2,952 3,032 3,370 3,602 3,534 3,487 3,786 4,003 3,993 4,085 4,545 4,810 4,883 5,023 5,385 5,736 5,753 5,883 5,746 6,083 6,058 6,721 6,999 7,309 7,936 8,087 8,092 8,346 8,299 8,244 8,182 8,576 8,504 8,606 9,304 10,027 10,017 10,111 10,414
      Shares and other equity, assets 5,488 6,575 6,891 7,767 9,034 8,912 10,706 7,242 7,147 7,372 10,013 9,935 8,879 8,548 8,490 8,346 8,623 9,234 8,232 7,128 6,868 8,553 9,515 10,931 11,524 12,448 14,704 15,241 17,989 18,058 16,033 16,129 17,160 16,866 20,969 22,909 18,037 24,049 23,914 18,442 15,643 15,852 19,208 18,065 20,530 19,572 19,624 22,288
            Units issued by money market investment funds, assets 4,482 5,351 5,310 6,183 7,207 7,203 8,810 5,480 5,365 5,479 8,003 8,201 7,071 6,262 6,103 6,360 6,419 6,855 5,965 5,316 5,005 6,273 6,895 8,877 8,762 9,025 11,222 11,973 14,595 14,494 13,742 13,535 14,592 14,464 18,387 20,421 15,791 21,514 20,979 16,628 13,706 13,415 16,597 15,558 17,340 16,505 16,181 19,108
            Units issued by investment funds other than money market assets 1,006 1,224 1,581 1,584 1,827 1,709 1,896 1,762 1,782 1,893 2,010 1,734 1,809 2,286 2,387 1,986 2,204 2,379 2,268 1,812 1,863 2,280 2,620 2,054 2,762 3,423 3,482 3,268 3,395 3,565 2,291 2,594 2,568 2,402 2,582 2,488 2,246 2,535 2,935 1,813 1,937 2,437 2,611 2,506 3,190 3,067 3,443 3,180
            Other investment fund shares 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Insurance technical reserves, assets 17 17 18 18 19 20 20 21 21 22 23 23 22 23 23 24 24 25 25 26 26 27 27 28 29 29 29 32 32 30 29 30 31 30 32 35 37 39 42 43 43 42 44 44 45 44 45 46
            Reserves for premiums and claims, assets 17 17 18 18 19 20 20 21 21 22 23 23 22 23 23 24 24 25 25 26 26 27 27 28 29 29 29 32 32 30 29 30 31 30 32 35 37 39 42 43 43 42 44 44 45 44 45 46
      Other accounts receivable 5,763 5,908 6,034 5,715 6,190 6,461 6,812 6,738 7,738 8,004 8,095 8,539 9,258 9,317 9,722 9,445 10,218 10,565 10,554 10,388 11,448 11,818 12,325 11,493 12,452 12,927 13,389 13,442 14,940 16,332 18,991 16,375 18,628 20,695 21,803 19,898 19,666 20,799 22,677 22,405 25,473 26,199 27,468 27,876 29,981 32,806 33,815 36,708
II. Net Financial Assets (I-III) 10,290 11,262 11,126 10,263 12,432 11,688 13,327 6,523 7,325 7,569 10,484 8,075 6,846 4,925 1,632 -1,328 43 718 -1,916 -6,017 -6,828 -4,471 -5,240 -7,457 -9,669 -12,468 -14,511 -15,964 -6,344 -15,656 -21,366 -26,406 -22,184 -22,627 -23,474 -29,232 -28,218 -16,823 -15,222 -30,373 -31,519 -33,255 -28,933 -39,569 -39,737 -39,442 -50,241 -45,995
III. Outstanding liabilities 23,392 24,459 25,489 26,132 26,840 28,604 29,580 33,105 32,860 35,219 37,028 38,534 41,259 44,376 47,839 47,912 48,192 52,085 51,767 52,654 53,621 54,586 57,855 61,008 64,503 70,581 75,899 75,804 78,232 88,113 90,181 89,016 88,036 89,791 97,825 101,195 98,682 104,707 102,311 108,474 107,786 111,911 112,274 121,622 128,833 130,220 143,257 142,827
      Currency and deposits, liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
            Other deposits, liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Debt securities, liabilities 16,880 18,032 18,954 19,507 19,910 21,807 22,638 25,828 25,006 27,614 29,314 30,456 32,528 35,171 38,030 38,623 39,463 43,889 43,214 44,166 44,362 46,238 48,413 51,223 53,676 59,944 64,997 63,658 65,235 74,870 74,680 75,656 73,421 73,501 80,222 84,532 83,999 89,301 86,112 91,988 90,792 94,224 93,902 102,809 108,639 107,740 121,360 118,053
            Short-term debt securities, liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2,444 3,994 2,874 2,909 3,703 3,302 2,703 2,120 2,517 1,949 1,979 4,972 4,100 1,666 1,698 4,115 4,184 3,378 0
            Long-term securities debt securities, liabilities 16,880 18,032 18,954 19,507 19,910 21,807 22,638 25,828 25,006 27,614 29,314 30,456 32,528 35,171 38,030 38,623 39,463 43,889 43,214 44,166 44,362 46,238 48,413 51,223 53,676 59,944 64,997 63,658 65,235 72,425 70,686 72,782 70,512 69,798 76,920 81,829 81,879 86,785 84,163 90,010 85,819 90,124 92,236 101,111 104,524 103,555 117,983 118,053
      Loans, liabilities 874 897 900 923 933 955 987 1,004 992 997 1,061 1,049 1,095 1,154 1,243 1,285 1,262 1,250 1,324 1,307 1,355 1,375 1,400 1,461 1,416 1,464 1,575 1,641 1,750 1,696 1,638 1,863 1,880 1,910 2,030 2,687 2,567 2,875 3,000 2,938 2,735 3,055 3,384 3,315 3,575 3,499 3,382 3,836
            Short-term loans, liabilities 4 4 4 5 5 5 4 3 2 2 1 1 1 1 1 1 1 1 1 1 1 1 1 1 4 5 6 5 5 5 5 7 6 6 6 6 6 9 6 6 7 7 17 17 11 11 8 8
            Long-term loans, liabilities 870 893 897 918 928 950 983 1,002 990 995 1,060 1,048 1,095 1,153 1,242 1,284 1,261 1,249 1,323 1,306 1,353 1,374 1,398 1,459 1,412 1,459 1,568 1,636 1,745 1,691 1,633 1,857 1,874 1,904 2,024 2,681 2,561 2,866 2,994 2,931 2,728 3,047 3,368 3,298 3,564 3,488 3,374 3,829
      Other accounts payable 5,639 5,530 5,634 5,703 5,997 5,842 5,956 6,272 6,861 6,608 6,653 7,029 7,635 8,051 8,566 8,004 7,467 6,945 7,229 7,182 7,905 6,973 8,043 8,324 9,412 9,173 9,326 10,505 11,247 11,547 13,863 11,497 12,736 14,380 15,573 13,976 12,116 12,531 13,199 13,548 14,259 14,632 14,988 15,499 16,619 18,981 18,515 20,938
MEMORANDUM: Market value of sovereign wealth funds 9,734 11,193 11,484 11,918 12,790 13,077 13,796 13,747 14,001 14,108 15,670 15,617 15,681 15,755 15,900 15,104 15,352 16,096 15,549 15,227 15,169 15,880 15,958 16,562 16,653 16,742 17,897 17,160 18,836 17,434 16,454 13,593 13,641 9,056 7,886 8,443 11,970 13,248 13,054 12,024 11,419 11,577 12,638 12,976 13,671 12,962 12,977 12,894
      Economic and Social Stabilization Fund, ESSF 6,972 7,663 7,826 8,076 8,657 8,542 8,987 8,922 9,082 8,883 9,932 9,879 9,922 9,660 9,702 9,190 9,324 9,551 9,308 9,068 9,041 9,484 9,275 9,836 9,770 9,647 10,278 9,109 10,439 8,629 7,638 6,369 6,261 3,625 1,994 2,089 6,414 7,002 6,933 6,459 6,078 4,762 5,205 5,334 5,053 4,298 4,268 3,590
      Pension Reserve Fund, PRF 2,762 3,530 3,658 3,842 4,133 4,535 4,809 4,825 4,919 5,225 5,738 5,738 5,758 6,095 6,198 5,914 6,028 6,545 6,241 6,159 6,128 6,396 6,684 6,725 6,883 7,095 7,618 8,051 8,397 8,806 8,817 7,224 7,380 5,431 5,891 6,354 5,557 6,246 6,121 5,566 5,341 6,815 7,432 7,642 8,617 8,664 8,709 9,304
MEMORANDUM: Financial transactions of sovereign wealth funds 37 1,002 48 50 53 57 52 53 55 62 59 60 66 63 59 55 57 398 -143 56 57 59 -133 -85 76 -314 73 -1,433 76 -1,574 -790 -1,923 38 -4,763 -1,855 33 4,888 489 50 -189 54 61 70 -185 -668 -191 92 -878
      Economic and Social Stabilization Fund, ESSF 20 314 23 26 27 -248 25 25 26 -257 26 27 30 -284 26 24 23 27 25 24 25 26 -330 28 31 -355 29 -1,481 26 -1,625 -836 -749 10 -2,674 -1,884 3 4,858 9 13 19 21 -1,289 24 34 -720 -533 32 -937
      Pension Reserve Fund, PRF 17 688 25 24 25 305 27 28 29 319 33 33 36 347 33 30 34 371 -168 32 32 33 197 -113 45 40 44 48 50 51 46 -1,174 27 -2,089 28 31 30 480 37 -209 34 1,350 46 -219 51 342 60 59