The Philippine government’s budget deficit this year may widen amid plans to boost spending and attain faster economic growth, officials said today.
The country’s economic managers will meet later today to discuss increasing the growth target from the current 2.6 percent-to-3.6 percent range. If the gross domestic product forecast is raised, “nominally, the deficit could be higher” as the government takes advantage of rising tax revenue to boost spending, Finance Assistant Secretary Ma. Teresa Habitan said.
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