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PHL debt-to-GDP ratio soars to 63.5% in Q1 | Bernadette D. Nicolas

THE Philippines’s debt-to-gross domestic product (GDP) ratio soared to 63.5 percent in the first quarter, the highest in 17 years. This is also above the internationally recommended 60-percent threshold by multilateral lenders for emerging markets like the Philippines, and also the highest since the country’s debt-to-GDP ratio hit 65.7 percent… ....

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Q4 growth could hit 7%, full-year GDP goal of 5.5% doable-DOF

THE Department of Finance (DOF) expressed confidence that the country’s economy will grow by 7 percent in the last quarter of the year to hit the higher end of the government’s revised full-year GDP growth target at 5.5 percent. Finance Chief Economist Gil Beltran said a 7-percent fourth-quarter GDP growth… ....

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'PHL must grow 5-5.5% in H2 to hit 2021 target' | Bernadette D. Nicolas

THE country’s economy needs to grow by 5 to 5.5 percent in the second half of this year to hit the government’s full-year target of 4 to 5 percent, the Department of Finance (DOF) said. Finance Undersecretary and Chief Economist Gil Beltran said the country’s average economic growth for the… ....

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Neda nixes oil excise halt amid price hikes | Tyrone Jasper C. Piad and Cai Ordinario

A CONSUMER group is asking the government to suspend the excise tax on petroleum products to provide relief to many sectors amid the pandemic, as oil companies announced another round of price hikes effective midnight Tuesday. The top government economist, however, said suspending the excise tax is not yet necessary… ....

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