Philippines Eyes Foreign Debt Markets to Tackle Budget Deficit
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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. “We’re also looking at the impact” of Japan Prime Minister Shinzo Abe’s resignation, she said.