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Duterte plans wider Philippine deficit in fiscal reversal

Friday, June 3, 2016 - 05:50
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Mr Duterte, a firebrand mayor who won support with promises to fight crime and fix transport bottlenecks, has pledged to reform the nation's tax regime.

Manila

THE incoming administration of Philippine President-elect Rodrigo Duterte signalled its willingness for looser fiscal policy and higher borrowing as it seeks to ramp up spending on infrastructure and cut taxes.

Ben Diokno, who will be Mr Duterte's budget secretary when the