Revised PHL Dev’t Plan assumes greater gov’t spending until 2028

THE Department of Economy, Planning, and Development (DEPDev) said the updated Philippine Development Plan (PDP) 2023-2028 targets reflect higher government spending and revised fiscal and macroeconomic goals through 2028. In the PDP 2023-2028 Midterm Update Results Matrices released on May 20, DEPDev estimated that primary expenditure will account for 18.4% of gross domestic product (GDP) […]