Finance backs IMF call for 'ambitious' reforms

Oct 09, 2023 12:35 am

THE Department of Finance supports the International Monetary Fund's (IMF) recommendation that the Philippines adopt a more ambitious revenue plan to increase funds for social spending.

'This will help attain the government's goal of poverty reduction and enhance the country's response to natural disasters while staying on course with the fiscal consolidation path to 3.0 percent by 2028,' Finance Secretary Benjamin Diokno told reporters on Friday.

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