Tag: fiscal policy philippines

In a time of crisis, should the Philippines put off hosting ₱17.6 billion ASEAN Summit?

As oil prices rise and the peso weakens, the Philippine government is being urged to reassess its spending priorities, with the ₱17.6-billion ASEAN Summit emerging as one option for review. Former Finance Secretary Gary Teves says the question is not about diplomacy, but priorities. In times of crisis, he argues, governments—like households—must decide what to delay and where to redirect limited resources.…

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