Philippines eyes foreign debt markets to tackle budget deficit


Filipinos queue for free virus swab testing amid the coronavirus disease (Covid-19) outbreak, in Mall of Asia Arena, Pasay City, Metro Manila, Philippines. - Reuters

MANILA, Aug 30 (Bloomberg): Philippine Treasurer Rosalia de Leon says she is closely watching overseas bond markets to help fund a budget deficit that’s expected to climb to a record this year, and stay elevated in 2021.

"We’re watching developments following the Fed’s decision on their longer-run objectives and monetary policy,” de Leon said in a text message.

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Philippines , Debt , Rising , Feds , Japan

   

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