Philippines Risks Crowding Out Borrowers With 2027’s $54 Billion Debt Plan

The Philippines’ plan for a massive increase in state borrowing to revive the economy could backfire by crowding out the private sector, analysts say.

MANILA, Aug 11 : Philippine President Ferdinand Marcos Jr. asked Congress on Tuesday to approve a 7.2 trillion-peso ($118.1 billion) budget for 2027, 6 per cent higher than this year, as his government sought to regain momentum after a sharp economic slowdown and a corruption scandal that has slowed infrastructure spen