Monday 20 August 2018
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10 days ago

Dominguez: Fiscal provisions of draft federal charter to lead to job losses

Finance Secretary Carlos G. Dominguez III, the head of the Duterte administration s economic team,on Fridaysaid the draft federal charter would widen the budget deficit, downgrade the country s credit ratings, and may lead to job losses and fewer funds for the administration s infrastructure program. While he and the economic team were not against federalism, Dominguez said in a statement that the ambiguous and unclear fiscal provisions of the draft federal constitution should first be addressed. We we

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