Plan vs Reality: The President and Congress have lost their commitment to fiscal consolidation

WIRE — WITHIN DAYS of assuming office on July 1, 2022, the Marcos Jr. administration unveiled an ambitious fiscal consolidation plan: the Medium-Term Fiscal Framework 2022-2028 (MTFF 2022-28). This plan was unprecedented in two respects: it was the first framework of its kind in Philippine history and the first such plan to be fully endorsed by both

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