Manila, Jan. 9 -- The passage of the Philippines' 2020 national budget and its signing early this month can support the country to post a strong growth this year, which Moody's Investors Service forecasts to be around 6.2 percent.
In a report, the debt rater said the country's PHP4.1-trillion national budget this year, which was signed by President Rodrigo R. Duterte last Monday, is 12 percent higher than last year's PHP3.7-trillion national budget.
This year's national budget, it said, "will help sustain the Philippines' rapid economic growth against an uncertain global backdrop, a credit positive."
Last year, the government operated on a re-enacted for several months until its signing into law on April 15.
This affected government spe...