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flag The Philippines DoF considers revising growth and fiscal targets to be "more realistic" amidst slower 2023 GDP growth of 5.6% compared to 7.6% in 2022.

flag The Department of Finance (DoF) in the Philippines is considering revising its growth and fiscal targets to be “more realistic,” Secretary Ralph G. Recto mentioned. flag The government has set a GDP growth target of 6.5-7.5% this year and 6.5-8% from 2025 to 2028, while the economy grew by 5.6% in 2023, which was slower than the 7.6% expansion in 2022. flag FM representatives spoke on needing to "come up with more realistic targets."

14 months ago
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