The government’s budget deficit could surpass that posted during the 2007-2008 financial crisis if fiscal provisions under the draft federal constitution are adopted, a senior Finance department official said.

Finance Undersecretary Gil Beltran told reporters on Monday that the budget gap as a share of gross domestic product (GDP) could balloon to as high as 6.7 percent under the proposed charter, surpassing the 5 percent recorded a decade earlier.

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