Budget deficit may decline to 3.2% of GDP by 2025  | Bernadette D. Nicolas

THE Department of Finance (DOF) expects the country’s budget deficit by 2025 to go down further to around 3.2 percent of GDP—near the prepandemic deficit of 3.4 percent—if the government pushes through with fiscal consolidation and generates additional revenue of P250 billion a year. In an economic bulletin on the…

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