Weak growth, revenues imperil debt stabilization—CPBRD

MANILA, Philippines — The government’s fiscal consolidation plan may not effectively stabilize the country’s debt, projected to reach 72.9 percent by 2030, because of weak economic growth and sluggish revenue generation. In its latest budget brief, the Congressional Policy and Budget Research Department (CPBRD) projected that the national government’s debt-to-GDP ratio could rise to 66 percent