News dalla rete ITA

17 Novembre 2021

Filippine

DOF: BUDGET DEFICIT SWELLED TO 8.3% OF GDP IN END-SEPTEMBER

Philippines (15th November 2021) – The Philippines’ budget deficit swelled to 8.3% of gross domestic product (GDP) as of end-September 2021 as the wider gap in government spending and revenue collection outpaced economic growth during the first nine months, putting pressure on the country’s investment-grade credit ratings.As a share to GDP, the nine-month budget deficit increased from the average of 6.9% in 2020, the latest Department of Finance (DOF) data on Monday (Nov. 15) showed.https://business.inquirer.net/334426/dof-budget-deficit-swelled-to-8-3-percent-of-gdp-in-end-september (ICE SINGAPORE)


Fonte notizia: Business Inquirer, 15th November 2021