PH ‘underspending’ vs COVID-19 risks

Foreign banks and think tanks have deemed the Philippines’ fiscal response to the COVID-19 pandemic as low compared to other countries in Southeast Asia and emerging market peers. They see a likely need to increase taxes and defer infrastructure building to raise more funds to fight the disease. In an April 30 report, one of […]

PH debt reached new high in March: P8.18 trillion

National government debt rose slightly in March to P8.18 trillion, or twice the national budget in 2020, as an increase in domestic borrowing that month offset payments made on foreign loans. It was just a 0.1 increase, though, from P8.17 trillion in February but 5.8...