Prøve GULL - Gratis
DBCC expecting debt-to-GDP ratio of 63% in 2025, Senate plenary told
Business World Philippines
|November 14, 2025
DEBT as a share of gross domestic product (GDP) could come in at 63% by yearend following the growth slowdown in the third quarter, a senior legislator said, citing projections by the Development Budget Coordination Committee (DBCC).
Senator Sherwin T. Gatchalian, who chairs the Senate finance committee, said the DBCC's estimate indicates a continued breach of the 60% threshold deemed sustainable for developing countries, despite expectations that the government will hit its budget deficit target.
"Despite the headwinds, natural calamities (and) the lower growth forecast, we will still end up with (a) 5.5% deficit and also (a) debt-to-GDP ratio of 63%," Mr. Gatchalian said during a hearing on the 2026 national budget on Thursday.
The Department of Finance had projected a ratio of 61.3% for the year.
Denne historien er fra November 14, 2025-utgaven av Business World Philippines.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Business World Philippines
Business World Philippines
If overtime work is normal, something is abnormal
Our department manager forces people to do overtime (OT) work at an average of two hours every day.
3 mins
February 20, 2026
Business World Philippines
BSP cuts key rate amid growth slump
THE BANGKO SENTRAL ng Pilipinas (BSP) lowered its key policy rate by 25 basis points (bps) for a sixth straight meeting, a move seen to help the economy regain its momentum following a slowdown last year.
4 mins
February 20, 2026
Business World Philippines
BoP deficit sharply narrows in January
THE PHILIPPINES’ balance of payments (BoP) deficit sharply narrowed to $373 million in the first month of 2026, the Bangko Sentral ng Pilipinas (BSP) reported.
2 mins
February 20, 2026
Business World Philippines
Vietnam’s quiet ascent and the Philippines’ crisis of governance
A recent visit to Hanoi and Sa Pa with a group of retiree friends left us with an uncomfortable consensus: Vietnam appears to be overtaking the Philippines in ways that are increasingly difficult to ignore.
3 mins
February 20, 2026
Business World Philippines
EastWest Bank profit climbs 21% to P9.2B
EAST WEST BANKING Corp’s (EastWest Bank) net income jumped by 21% to P9.2 billion last year on strong growth in its revenues and fee-based income.
2 mins
February 20, 2026
Business World Philippines
The limits and responsibilities of flexible inflation targeting
Last Monday, this paper bannered the now-familiar refrain: sluggish growth and benign inflation give the Bangko Sentral ng Pilipinas (BSP) ample room to cut rates again.
5 mins
February 20, 2026
Business World Philippines
DoF to review OECD call to phase out VAT exemptions for senior citizens, private schools
THE DEPARTMENT of Finance (DoF) is reviewing the Organisation for Economic Cooperation and Development's (OECD) suggestion for the Philippines to remove the value-added tax (VAT) exemptions for senior citizens, private education and healthcare providers.
3 mins
February 20, 2026
Business World Philippines
SM Offices investing P1B in Cebu expansion
SM OFFICES, the commercial property arm of SM Prime Holdings, Inc., plans to add more than 60,000 square meters (sq.m.) of new leasable space worth about P1 billion at SM City Cebu Towers by the fourth quarter of 2026.
1 mins
February 20, 2026
Business World Philippines
Tanking to Cuban
Conventional wisdom’s instinctive reaction to tanking has always been moral outrage.
2 mins
February 20, 2026
Business World Philippines
Expanding the education voucher system
LAST MONTH’ release of the final report of the Second Congressional Commission on Education (EDCOM ID stands as a culmination of years of policy debates needed to rescue the country’s education system from creeping irrelevance.
6 mins
February 20, 2026
Listen
Translate
Change font size