PH to Incur Wider Budget Deficit to Drive Economic Growth in 2020
Macro Research from Fitch Solutions expects the Philippines to incur a wider budget deficit next year. The 2020 national budget may support President Duterte’s aspirations to transform the country into an upper-middle-income economy. Fitch Solutions said PH may suffer a wider budget shortfall of 3.5% of Gross Domestic Product for the year 2020. “We anticipate … Read more