Moody’s: 2020 budget OK to help economy

THE signing of this year’s P4.1-trillion national budget would help the Philippine economy grow to 6.2 percent, Moody’s Investors Service said on Thursday.

In a comment, the credit ratings agency said the 2020 budget, which is 12 percent higher than the P3.7-trillion appropriation in 2019, “will help sustain the Philippines’ rapid economic growth against an uncertain global backdrop, a credit positive.”