Watch more in iWant or TFC.tv MANILA – The Philippines needs "a lot of financing" to fund its coronavirus recovery plan, Acting Socioeconomic Planning Secretary Karl Kendrick Chua said Tuesday.
Watch more in iWant or TFC.tv MANILA – The Philippines needs "a lot of financing" to fund its coronavirus recovery plan, Acting Socioeconomic Planning Secretary Karl Kendrick Chua said Tuesday.
The government and private sector have deferred tax payments, loans and bills to cushion the impact of COVID-19 to consumers. While the economy could contract by 0.8 percent this year, the Philippines enjoys a strong fiscal position and low debt levels, he said.
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