HSBC: PH deficit to hit 2.9% of GDP

Aug 04, 2018 12:24 am

The government’s budget deficit will likely fall below the government’s programmed caps for this year and the next, banking giant HSBC said on Friday.

“We expect the budget deficit to rise from 2.2 percent of GDP (gross domestic product) in 2017 to 2.9 percent this year and next,” it said in a report.

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