BORROWINGS under the Marcos administration are expected to peak by 2025 or 2026 as the government raises its revenue through new tax measures in the coming years, according to the Department of Budget and Management .
Under the latest MTFP, the 6.1-percent budget deficit this year is expected to slow down initially to 5.1 percent next year and then eventually to 3 percent in 2028. The bulk or P4.07 trillion of the revenues for 2024, however, are expected to come from existing and new tax measures.
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