Debt-to-GDP ratio to fall to 35% by 2022

The ratio of government debt to the country’s gross domestic product (GDP) is projected to fall to 35 percent by end of the Duterte administration in 2022, says National Treasurer Roberto Tan.

With the budget-deficit ceiling targeted at 3 percent of GDP the government will be able to sustain the drop in the debt-to-GDP ratios, he said during a conference call with local and foreign portfolio investors and fund managers on August 16.