The Philippines is “fully prepared” to address looming challenges while committing to sustain the country’s robust economic recovery, Finance Secretary Benjamin Diokno said Tuesda…
The Philippines is “fully prepared” to address looming challenges while committing to sustain the country’s robust economic recovery, Finance Secretary Benjamin Diokno said Tuesday.
Debt-to-GDP ratio, which is currently at 63.5 percent, is also expected to be reduced to below 60 percent by 2025, Diokno said during the first post-SONA economic briefing, echoing Marcos’ directive. The government is also committed to address rising prices as inflation accelerated to 6.1 percent due to rising oil and food prices. Mitigating the scarring from the COVID-19 pandemic is also among the priorities, Diokno said.
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