deficits key concern for next PH president The next CEO of the Philippines will have to grapple with “twin deficits” that may return this year, as the government spends more to rebuild the economy and the demand for foreign exchange expands with the resumption of investment spending coming out of a prolonged pandemic. This is according to JP Morgan economist Nur Raisah Rasid, who sees a return to twin deficits—referring to a simultaneous deterioration in the government’s budget positio
Twin deficits key concern for next PH president
The next CEO of the Philippines will have to grapple with “twin deficits” that may return this year, as the
government spends more to rebuild the economy and the demand for foreign exchange expands with the
resumption of investment spending coming out of a prolonged pandemic.
This is according to JP Morgan economist Nur Raisah Rasid, who sees a return to twin deficits—referring to a
simultaneous deterioration in the government’s budget position and widening of the country’s current account
deficit as foreign exchange transactions with the rest of the world increase
Which of the following
a) Price stability
b) Redistribution of income
c) Full employment
d) Balance of payments stability
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