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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.
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.
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.
FM representatives spoke on needing to "come up with more realistic targets."
14 months ago
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