Read this in The Manila Times digital edition.
THE Philippines remained on track for a gradual fiscal consolidation over the coming years on strong revenue growth despite increased fiscal spending, Fitch Solutions said on Friday.
In an emailed report to The Manila Times, the credit intelligence provider said it expects the country's budget deficit to come in at 7.6 percent of gross domestic product (GDP) in 2022 and 6.0 percent in 2023 from 8.6 percent in 2021.
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