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Higher deficit ceiling unlikely to affect Philippines' credit rating: national treasurer
[MANILA] A higher budget deficit ceiling for the Philippines is unlikely to have an impact on the country's investment grade status, the national treasurer said on Monday. "I don't think it will. It is modest compared to many other...emerging economies," National Treasurer Roberto Tan told reporters.
He was commenting on the potential impact a proposal for a higher deficit-to-GDP ratio of 3 per cent might have.
The incoming administration of President-elect Rodrigo Duterte is looking at boosting spending on infrastructure to promote economic growth.