Q3 debt-to-GDP ratio of 61.3% above target

Quick Summary:

THE Philippines’ outstanding debt as a share of its overall economy climbed to 61.3 percent as of the third quarter of 2024, above the government’s target and global benchmark as economic growth slowed during the period.

Rizal Commercial Banking Corporation (RCBC) Chief Economist Michael L.

Ricafort said the tax and other fiscal reform measures will help increase the government’s revenue collections, thereby reducing the debt-to-GDP ratio.

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Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets: Philippines

Topics: Government’s Country’s Economy Debt-to-gdp Percent Quarter Debt Economic 2024 Third Ratio

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 16:05:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 421 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23471588

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 2 posts per day

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