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Philippines' finance secretary seeks investment grade.
- Source :
- Asiamoney; Mar2011, Vol. 22 Issue 2, p76-76, 1p
- Publication Year :
- 2011
-
Abstract
- The article reports that Philippine's Finance Secretary Cesar Purisima is planning to slash foreign borrowings to 20% of the gross domestic product (GDP) and elevate its international debt ratings to investment grade by 2017. The Department of Finance plans to improve tax collection from about 13% of GDP in 2011 to around 18% by 2017. In addition, it wants to reduce its public debt to below 50% of GDP by 2017 from its 2011 level of 58%.
Details
- Language :
- English
- ISSN :
- 09589309
- Volume :
- 22
- Issue :
- 2
- Database :
- Complementary Index
- Journal :
- Asiamoney
- Publication Type :
- Periodical
- Accession number :
- 59900735