PH budget deficit seen shrinking

By Mayvelin U. Caraballo

Jun 23, 2022 12:26 am

THE Philippine national government's budget deficit is expected to shrink this year and the next, Fitch Solutions said, which bodes well for debt sustainability.

The research company said in a report released on Wednesday that it now anticipates the Philippines' fiscal shortfall as a percentage of gross domestic product (GDP) to be 7.5 percent in 2022 and 6.2 percent in 2023, down from 8.6 percent in 2021.

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