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.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets: Philippines

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

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 16:05:00 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 421 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 31 words per sentence (average)

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

Copyright Owner: © Business Mirror

News ID: 23471588

View Article Analysis

About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 53 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 10 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

Publisher Details

Frequently Asked Questions