Presidential aspirant Ferdinand “Bongbong” Marcos Jr. (BBM)’s plans for the country’s economic future appears to be a continuation of Duterte policies in general and pointing to more
In contrast, GoldmanSachs said an administration run by Vice President Leni Robredo might mean a significant shift, considering her comprehensive plan to free the Philippines from the clutches of the COVID-19 pandemic.
Based in Singapore, GoldmanSach’s team in Asia noted that this was the case even as the next administration would need to make policy choices such as maintaining a direction toward prudent fiscal improvement while still nurturing a still nascent economic recovery.These choices will have to be made amid public debt and external financing constraints, and adverse impacts of global price shocks.
In 2021, the full-year deficit reached P1.67 trillion or 8.6 percent of gross domestic product . This was 25-percent wider than the P991-billion deficit incurred in 2020 amid the initial impact of the COVID-19 pandemic.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FEU announces 'apolitical' stand after some Lady Tamaraws promote BBM-Sara tandem
Read more »
BBM skips Comelec pres’l panel interview, opts to stump' BBM skips Comelec pres’l panel interview, opts to stump ' Former senator Ferdinand “Bongbong” Marcos Jr. will not participate in the final Commission on Elections presidential panel interview, saying he wants to focus on his presidential ca- Read more👇
Read more »
Comelec expects decision on 3 MRs vs BBM to be out early next weekThe decision of the Commission on Elections (Comelec) en banc on the three motions of reconsideration filed by petitioners against presidential candidate Ferdinand Marcos Jr to be out early next week.
Read more »
Isko draws crowds in Western Visayas but local party leader resignation casts cloudThe Manila Mayor makes a last four-day push in a region where Leni Robredo leads. PHVote WeDecide
Read more »
84 Catholic priests in Quezon declare support for Leni-KikoLUCENA CITY––At least 84 Catholic priests in Quezon province are throwing their support to the presidential candidacy of Vice President Leni Robredo and Senator Francis "Kiko"
Read more »
‘Robredo’s economic policies clear, Marcos’ unclear’ICYMI: A Barcelona-based think tank sees unclear economic policies of leading presidential bet Ferdinand Marcos Jr., in contrast to a detailed policy platform of his main competitor, Vice President Leni Robredo, ahead of the Philippines’ May 9 elections.
Read more »