Asia·Aug 22, 2026
Philippines Narrows Fiscal Deficit to 5.45% of GDP in 2026
Manila's budget shortfall continues to shrink as the government maintains fiscal discipline despite regional economic pressures
By Priyanka V. Rao · 2 min ·
Every BriefAsia story tagged Emerging Markets, newest first.

Manila's budget shortfall continues to shrink as the government maintains fiscal discipline despite regional economic pressures

Second-quarter GDP surpasses 5 percent threshold amid global headwinds, but accelerating government expenditure raises concerns over long-term sustainability

Shipments to emerging markets surge while US sales plummet, signaling a geographic pivot in China's civilian drone industry