MANILA (Bloomberg): Benjamin Diokno (pic), the Philippines’ next finance secretary and current central bank governor, said his priority next month when he takes on the new role is ensuring the government meets its debt obligations.
"Maybe the first item in the agenda will be the sustainability of our public debt,” Diokno said in a briefing Thursday (May 26) after his appointment was announced. This will assure credit-ratings agencies that the government is "serious about consolidating our fiscal resources, so that we’re able to reduce our debt- and deficit-to-GDP ratio over time,” he said.
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