Eighty-three percent of the P8.4 trillion needed for implementing the government’s massive infrastructure program will come from foreign borrowings, not from the proposed Tax Reform for Acceleration and Inclusion (Train), according to Sen. Juan Edgardo Angara.

Angara had dismissed as “exaggerated” the claims of some officials from the executive department who were quoted in media as saying that the “Build, Build, Build” program of the Duterte administration would be severely affected if the Senate failed to pass a tax reform measure closer to the House-approved Train version.

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