Economic Team to Exercise Prudence in Tapping Chinese Loan Offer

Economic officials said that the government would be prudent when it comes to foreign borrowing despite the hefty amounts being offered by China. They added that additional revenues from the tax reform program being pushed for congressional approval would be the main source of infrastructure spending. They reiterated their projections that infrastructure would account for 7.4% of GDP by 2022, with a budget deficit cap of 3%…

Subscribe via email for complete access to Supreme Consult’s weekly report on political and investment risks in the Philippines.

Advertisements