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BORROWINGS under the Marcos administration are expected to peak by 2025 or 2026 as the government raises its revenue through new tax measures in the coming years, according to the Department of Budget and Management (DBM). "The [borrowing] will peak by 2025 to 2026 depending on the collection and expenditure,"…
OF SUBSTANCE AND SPIRIT It was necessary for the President to have met his economic managers last Oct. 18 and discussed inflation, exchange rate and interest rates. Our people should be reassured that today’s critical situation has the attention of those in the highest places. Unfortunately, the
The National Economic and Development Authority is confident that the government remains on track to achieving its medium and long-term economic goals as it proactively addresses global inflationary pressures that pose risks to the country’s growth and recovery.
Gov’t on track to achieve medium to long-term economic goals
President Marcos convened his economic team on Tuesday, Oct. 18, to determine and formulate the administration’s economic policy directions for the rest of the year until the first quarter of 2023. President Ferdinand 'Bongbong' Marcos Jr. and officials from his economic team. (Photo courtesy of