Philippines Seeks Widest Budget Gap Since 2010 With Tax Cuts

Updated on
  • Incoming budget minister says 3% gap is comfortable target
  • Duterte’s government plans to cut taxes within six months

Philippine President-elect Rodrigo Duterte plans to cut income taxes and widen the fiscal deficit to the highest since 2010 as he ramps up spending on infrastructure, incoming Budget Secretary Ben Diokno said.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.