An investment grade status opens up the country to more investments that can lead to additional jobs and funds for infrastructure, and help create sustainable economic growth.
These improvements, the debt watcher said, made the country's strong economic and moderate budget deficits in line with investment-grade status. The credit rater also recounted the low fiscal revenue of the Philippines maybe below investment-grade standard, but the recent sin tax law should allow the government to rake in more tax revenues.
Finance Secretary Cesar V. Purisima also welcomed the rating upgrade, saying this "opens up more sources of financing for our businesses, lowers the cost of borrowing, and encourages more investments, which in turn will lead to more jobs and greater incomes for our people."
Maraming salamat GMA!
how do you rate?
3 years after PNoy won the presidency☝️ DutertePalpak
kaya kayo nagsara dahil sa kabalasubas ninyo sa balita at mga ingut naman na alang mga utak comment din di nga alam nangyayari
Lumang balita na yan..nabibili namaan ang award
2021 - ph credit rating reverts to junk, effortlessly by DutertePalpak
gotta thank Economist Gloria for that before the yellows credit grabs yet again.
Time na tayo ang nagpapautang sa ibang bansa
throwback throwback nalang tayo ano po?
And then Duterte got elected so now it went down the toilet. What a shame.
Then this administration came and just messed everything up.
I miss the days when we had a leader who worked hard to give jobs to Filipinos.