The short note analyzes the capacity of the Philippine financial market to meet the government's fiscal needs amidst efforts to reduce the fiscal deficit. The fiscal deficit increased significantly due to social spending and COVID-19 support, rising from an average of 2 percent of GDP (2011-2019) to 7.8 percent (2020-2022), with national debt reaching 60.9 percent of GDP in 2022. The government aims to reduce the deficit to 3 percent by 2028 through...
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详细
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2024/06/28
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工作文件
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192118
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1
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2024/06/28
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Disclosed
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Analysis of the Philippines Financial Market’s Capacity to Finance the Fiscal Needs - Technical Note