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Manila to stick to deficit spending until 2022

Tuesday, August 23, 2016 - 05:50

The government has programmed a budget deficit of up to 478.1 billion pesos for 2017, or 3 per cent of GDP.


PHILIPPINE President Rodrigo Duterte's administration will stick to deficit spending until he steps down in 2022 to ensure sustainable economic growth beyond his six-year term, his budget minister told lawmakers on Monday.

The seven-week-old government has vowed to fix the

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