FACT CHECK: Post shows incorrect ‘NSO’ figures on gov’t spending of 3 ex-presidents

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FACT CHECK: Post shows incorrect ‘NSO’ figures on gov’t spending of 3 ex-presidents FactsFirstPH

The figures cited in the screenshot are incorrect and misleading. The NSO, now the Philippine Statistics Authority , releases annual expenditures, not summaries of government spending by presidency. It is also misleading to compare the peso values without adjusting for inflation.cited information published by the PSA on government income and expenditures from 1966 to 1997. The figures are shown in millions, contradicting the erroneously-inflated figures shown in the screenshot.

The same information above can also be found in two resources published by the PSA and available online: the’s “Table 21.1 Summary of Government Income and Expenditures: 1964-1994,” which shows government expenditures from 1966 to 1993:

 

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