Despite the multi-trillion peso borrowings amid the prolonged-pandemic, the Philippine government’s risk of falling into a debt crisis remains low, the ASEAN+3 Macroeconomic Research Office (AMRO) said.
Despite the multi-trillion peso borrowings amid the prolonged-pandemic, the Philippine government’s risk of falling into a debt crisis remains low, the ASEAN+3 Macroeconomic Research Office said.
Moreover, the national government has financed its borrowing predominantly from domestic savings in banks, insurance companies, and mutual funds, AMRO added. “Lastly, the government is mindful of potential fiscal risks from rising debt levels and continues to exercise prudence in debt management and fiscal policies,” AMRO said.
Instead, the goal is to just bring down the debt ratio below the international threshold of 60 percent, he said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DOH: Chances of Marburg virus entering PH remains lowThe possibility of the Marburg virus entering the country remains low at this point in time, the Department of Health (DOH) said.
Read more »
Here's Your First Look At The PH-Spec 2023 Toyota GR86 | CarGuide.PH | Philippine Car News, Car Reviews, Car Prices
Read more »
Coins.ph, Globe tie up for crypto transactions - BusinessWorld OnlineCOINS(.)PH, a fiat and crypto wallet services provider in the Philippines, said on Wednesday it has partnered with Globe Telecom, Inc. for a new offering for its loyalty program Globe Rewards.
Read more »
vivo PH revealsRainy Season Treats 2022 promo
Read more »
PH firm to launch all Filipino-owned eCommerce platformThe first ever all Filipino-owned eCommerce platform will be launched around the second quarter of 2023. The technology is currently being developed by LB TEKSystems, also an all-Filipino IT compan…
Read more »
PH, Japan join hands to enhance vegetable value chainThe Philippines and Japan are joining hands to implement a five-year project that aims to enhance the vegetable value chain in the country.
Read more »