By Katherine K. Chan, Reporter
THE PHILIPPINES’ fiscal deficit-to-gross domestic product (GDP) ratio will likely narrow until 2027 as the government’s tax reforms are expected to boost revenue mobilization, the ASEAN+3 Macroeconomic Research Office (AMRO) said.
In its latest Quarterly Fiscal Bulletin released on Thursday, AMRO said the country’s budget gap may shrink to 5.3% of GDP this year, before further narrowing to 5.2% in 2027.
“The fiscal deficit is projected to remain broadly unchanged at 5.2% of GDP in FY (fiscal year) 2027, compared with 5.3% in FY 2026,” AMRO said.
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