Finance Secretary Carlos Dominguez said the debt-to-GDP ratio is projected to reach 53.5 percent in 2020, up from the pre-pandemic goal of 40.2 percent and 2019’s historic low of 39.6 percent.
This year, the debt-to-GDP ratio is expected to settle at 57 percent, which is still within a “sustainable threshold”, Dominguez said. “We will continue to exercise discipline and prudence in managing our fiscal affairs. This, I believe, is the key to a strong and sustainable recovery,” Dominguez added.
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो: