An S-I deficit happens when a country’s investment expenditures exceed its savings, leading it to borrow to fund the gap.
In the second quarter of 2022, the country’s savings rate — gross domestic savings as share of gross domestic product — reached 13.7% while investment rate stood at 27.7% of GDP , resulting in a P699 billion deficit. This was the widest gap in 10 quarters or since the P747-billion deficit in the final three months of 2019.
Future borrowing will finance this gap.
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