June 06, 2026
He says the prime minister has promised to gradually raise allocation to 5 percent
The health sector usually receives an inadequate allocation every year
The Manila-based lender has said inflation is likely to persist at 9 percent in the 2025–26 fiscal year
It calls for revised rescheduling facilities for “unintentional” loan defaulters and subsidised credit for export-oriented sectors
The country’s GDP stood at $450 billion at the end of the 2023-24 fiscal year, official data reveals
We must manage existing debts and be more cautious about new projects, he says
Gross domestic product increased by 0.1% in the October-to-December period, the Office for National Statistics said
He says past governments manipulated growth figures for political gain, leaving behind a distorted economy now under correction
