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
I. Outstanding financial assets 33,635 35,714 36,607 36,389 39,248 40,261 42,877 39,622 40,182 42,785 47,503 46,600 48,095 49,291 49,461 46,575 48,218 52,785 49,839 46,625 46,780 50,102 52,602 53,536 54,819 58,097 61,362 59,815 71,864 72,435 68,794 62,591 65,833 67,146 74,333 71,945 70,434 87,849 87,036 78,067 76,351 78,731 83,407 82,170 89,228 90,907
      Currency and deposits, assets 6,953 7,968 7,968 8,068 7,328 7,981 7,959 8,909 7,921 8,344 8,227 9,320 8,951 9,944 9,721 9,711 9,522 11,219 10,353 10,273 9,693 10,523 11,603 10,973 11,080 12,784 12,036 11,814 13,646 12,819 13,201 11,160 10,123 10,971 13,044 10,275 10,380 14,054 13,121 14,801 14,707 16,274 15,342 14,319 15,754 16,143
            Currency and transferable deposits, assets 5,216 5,350 5,336 5,793 4,925 5,428 4,939 5,087 5,074 5,261 5,246 5,912 5,682 6,325 6,021 6,589 6,586 6,440 6,524 6,675 6,787 6,735 7,142 7,244 7,172 7,255 7,662 8,220 7,978 7,984 7,742 7,396 7,499 8,148 9,804 9,124 8,998 9,823 11,047 12,742 13,175 13,913 13,977 12,852 14,055 14,292
            Other deposits, assets 1,738 2,618 2,632 2,275 2,404 2,554 3,021 3,822 2,847 3,083 2,981 3,408 3,269 3,620 3,700 3,122 2,936 4,779 3,829 3,598 2,906 3,788 4,461 3,729 3,908 5,530 4,374 3,594 5,668 4,835 5,459 3,764 2,625 2,823 3,241 1,152 1,382 4,231 2,074 2,059 1,532 2,361 1,365 1,468 1,699 1,851
      Debt securities, assets 12,681 12,322 12,870 12,147 13,680 13,967 14,501 13,735 14,088 15,483 17,694 15,041 16,901 17,460 17,625 14,840 15,483 17,090 16,050 14,186 13,854 13,757 13,703 14,262 13,619 13,439 14,443 13,154 18,487 18,796 13,378 11,605 12,200 9,581 9,711 10,020 13,308 19,293 18,613 13,730 11,848 11,440 11,951 11,641 11,950 11,270
            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
            Long-term debt securities, assets 9,575 10,061 9,578 9,868 10,609 10,905 11,374 11,634 11,462 12,264 13,664 12,549 13,445 13,468 13,614 12,805 12,476 13,422 12,860 12,118 11,983 12,380 11,975 12,739 11,965 11,707 12,863 11,868 16,061 15,254 11,611 8,545 7,664 6,516 5,952 6,352 8,528 9,725 9,844 9,399 8,891 8,235 9,533 11,096 11,331 10,821
      Loans, assets 2,697 2,990 2,890 2,743 3,083 3,001 2,942 3,022 3,305 3,599 3,489 3,778 4,136 4,055 3,934 4,262 4,397 4,709 4,678 4,679 4,947 5,488 5,492 5,903 6,159 6,516 6,813 6,190 6,823 6,466 7,219 7,365 7,786 9,099 8,892 8,934 9,143 9,763 8,821 8,774 8,779 9,057 9,513 10,298 11,090 11,196
            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
            Long-term loans, assets 2,466 2,433 2,348 2,499 2,717 2,670 2,564 2,828 3,035 2,957 3,036 3,374 3,609 3,541 3,494 3,793 4,012 4,000 4,094 4,552 4,818 4,890 5,029 5,391 5,742 5,760 5,891 5,753 6,090 6,065 6,726 7,004 7,314 7,942 8,095 8,099 8,352 8,308 8,253 8,190 8,592 8,516 8,614 9,311 10,044 10,033
      Shares and other equity, assets 5,541 6,513 6,832 7,702 8,961 8,844 10,658 7,200 7,113 7,337 9,984 9,908 8,839 8,504 8,447 8,304 8,589 9,190 8,188 7,080 6,819 8,495 9,457 10,882 11,485 12,408 14,668 15,198 17,951 18,003 15,985 16,063 17,071 16,776 20,856 22,789 17,916 23,924 23,803 18,333 15,513 15,732 19,107 17,960 20,389 19,422
            Units issued by money market investment funds, assets 4,472 5,341 5,300 6,174 7,197 7,193 8,799 5,471 5,358 5,472 7,997 8,194 7,062 6,254 6,096 6,353 6,407 6,841 5,951 5,301 4,996 6,263 6,884 8,865 8,758 9,020 11,218 11,969 14,593 14,491 13,739 13,533 14,589 14,461 18,384 20,418 15,791 21,514 20,979 16,631 13,709 13,418 16,600 15,561 17,342 16,508
            Units issued by investment funds other than money market assets 1,070 1,172 1,532 1,527 1,764 1,651 1,858 1,729 1,755 1,865 1,987 1,713 1,777 2,251 2,350 1,951 2,182 2,349 2,237 1,779 1,823 2,232 2,573 2,016 2,727 3,387 3,450 3,229 3,358 3,512 2,246 2,530 2,482 2,315 2,472 2,371 2,125 2,410 2,824 1,702 1,804 2,315 2,507 2,399 3,047 2,915
            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
      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
            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
      Other accounts receivable 5,745 5,904 6,031 5,711 6,177 6,448 6,797 6,735 7,734 7,999 8,086 8,530 9,246 9,304 9,710 9,433 10,202 10,552 10,546 10,381 11,441 11,812 12,319 11,488 12,447 12,921 13,374 13,429 14,926 16,320 18,982 16,368 18,622 20,689 21,797 19,892 19,650 20,775 22,637 22,385 25,462 26,186 27,451 27,908 30,001 32,831
II. Net Financial Assets (I-III) 10,251 11,255 11,118 10,256 12,407 11,655 13,286 6,517 7,323 7,567 10,475 8,066 6,836 4,915 1,622 -1,337 25 700 -1,928 -6,029 -6,841 -4,484 -5,254 -7,472 -9,684 -12,484 -14,536 -15,989 -6,368 -15,678 -21,387 -26,426 -22,203 -22,645 -23,492 -29,250 -28,241 -16,851 -15,264 -30,428 -31,588 -33,326 -29,005 -39,684 -39,831 -39,544
III. Outstanding liabilities 23,383 24,459 25,489 26,132 26,842 28,606 29,591 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 98,675 104,700 102,301 108,495 107,939 112,057 112,412 121,854 129,059 130,451
      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
            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
      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 89,302 86,112 91,988 90,792 94,224 93,882 102,827 108,640 107,741
            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
            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 92,216 101,130 104,525 103,556
      Loans, liabilities 868 891 894 915 924 946 980 999 987 992 1,056 1,045 1,091 1,150 1,238 1,280 1,257 1,246 1,319 1,301 1,348 1,369 1,394 1,455 1,395 1,438 1,532 1,603 1,712 1,656 1,598 1,819 1,828 1,858 1,980 2,638 2,515 2,816 2,944 2,880 2,720 3,039 3,378 3,315 3,588 3,518
            Short-term loans, 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
            Long-term loans, liabilities 868 891 894 915 924 946 980 999 987 992 1,056 1,045 1,091 1,150 1,238 1,280 1,257 1,246 1,319 1,301 1,348 1,369 1,394 1,455 1,395 1,438 1,532 1,603 1,712 1,656 1,598 1,819 1,828 1,858 1,980 2,638 2,515 2,816 2,944 2,880 2,720 3,039 3,378 3,315 3,588 3,518
      Other accounts payable 5,636 5,537 5,641 5,710 6,007 5,853 5,973 6,277 6,867 6,613 6,658 7,034 7,639 8,055 8,571 8,009 7,472 6,950 7,234 7,188 7,911 6,979 8,049 8,330 9,433 9,199 9,369 10,543 11,285 11,587 13,903 11,541 12,788 14,432 15,623 14,026 12,161 12,582 13,245 13,627 14,427 14,794 15,152 15,712 16,832 19,192
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
      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 9,274 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
      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
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
      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
      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