Government reliance on local lenders may dampen growth–report

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Government reliance on local lenders may dampen growth–report - Business Mirror

Quick Summary:

The national government’s reliance on domestic borrowings could crowd out private sector investments and dampen economic growth, according to an analysis by the think tank of Congress.

The RCBC economist said the market is still “relatively liquid” as manifested by the continued growth in M3 or domestic liquidity.

Ricafort told the BusinessMirror the borrowing mix is a “delicate balancing act” of the government.