Higher PH credit rating tied to financial reforms

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STRENGTHENING governance through bureaucratic efficiency and reforms, including transparency and accountability in managing public funds, will help the country achieve an “A” credit rating, a Cabinet official said.

Navigating the government’s Public Financial Management (PFM) Reforms road map will improve the government’s budgetary processes and ultimately increase the country’s international credit rating, Budget Secretary Amenah Pangandaman said in a statement released to the media.

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