LOWER revenue expectations are forcing the Philippines to scale back infrastructure spending, creating a fiscal tradeoff that could weaken growth, complicate efforts to stabilize debt and the sovereign’s “BBB” rating, Fitch Ratings said.
LOWER revenue expectations are forcing the Philippines to scale back infrastructure spending, creating a fiscal tradeoff that could weaken growth, complicate efforts to stabilize debt and the sovereign’s “BBB” rating, Fitch Ratings said.This article was originally published by Businessmirror.
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