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Philippine fiscal position at risk amid Trump tariffs
2025-04-21 12:45:04| Spiritual Career Counseling
Finance Secretary Ralph RectoMANILA, Philippines The Marcos administrations fiscal position might be at risk from the higher US tariffs, as the government might have to ramp up spending to mitigate the impact of heightened global trade protectionism on the local economy.BMI Research, a unit of the Fitch Group, said in a commentary that it is sticking to its current forecast of 5.9 percent deficit-to-gross domestic product (GDP) ratio for the Philippines this year on expectations that the states fiscal consolidation will be delayed.Article continues after this advertisementIf anything, the likelihood of the government having to incur a larger fiscal deficit has risen significantly against the backdrop of heightened geopolitical uncertainty, BMI said.FEATURED STORIESBUSINESSBSP resumes easing cycle amid tariff-led global headwindsBUSINESSFrom fear to euphoria: Philippine, Asia stocks jump on Trump tariff pauseBUSINESSEconomic czar Frederick Go off to the US for tariff dialogue...
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