THE GOVERNMENT is likely to run a wide fiscal deficit until 2022 as it supports the economy amid the coronavirus crisis, Fitch Solutions Country Risk & Industry Research said. “We see limited risks from running wide deficits in the near term given the economy’s need for demand and investment. However, longer-term pressures on public finances […]
Tag: fiscal
Gov’t Q1 tax effort improves
The share of tax collections in the country’s economic output rose to a record first quarterl level of 14.41% in January to March, according to the Department of Finance (DoF), a sign of improved economic activity amid a coronavirus pandemic. State tax revenue went up by 0.44 percentage point during the quarter from a year […]