Philippines Finance Chief 'Very Confident' Keeping the Budget Deficit Under Control

The video discusses the economic outlook for the year, focusing on growth targets, inflation control, and fiscal management. Despite challenges, there is confidence in achieving a 7% growth rate and maintaining inflation between 2-4%. The video also covers infrastructure development and private sector adaptation to interest rate changes. Fiscal strategies are in place to manage the budget deficit, aiming for a 3% of GDP deficit.

How confident is the speaker about managing the budget deficit this year?

What factors contributed to the increase in the budget deficit last year?