DBCC REVISITS MEDIUM-TERM MACROECONOMIC ASSUMPTIONS AND FISCAL PROGRAM AMID THE COVID-19 PANDEMIC

Responding to the impact of the COVID-19 pandemic on the Philippine economy, the Development Budget Coordination Committee (DBCC) has adjusted the country’s macroeconomic indicators and fiscal program for fiscal years (FY) 2020 to 2022. These adjustments reflect the Duterte administration’s priorities of saving lives and protecting communities, while providing support to vulnerable groups and stimulating the economy to create jobs and support growth. These revised assumptions will also allow the government to operate with a more realistic and prudent fiscal stance as it flags the downside risks to the economy and the fiscal program for the rest of the year.

 

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http://www.neda.gov.ph/dbcc-revisits-medium-term-macroeconomic-assumptions-and-fiscal-program-amid-the-covid-19-pandemic/