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Message during the Development Budget Coordination Committee Briefing

· Eli M Remolona, Governor of the Bangko Sentral ng Pilipinas (Philippines)

Summary written by Dark Majestic in its own words · topics: inflation and price stability, public finances and debt, development and emerging economies

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· Eli M Remolona Wiki · Bangko Sentral ng Pilipinas WikiMessage during the Development Budget Coordination Committee Briefing

ContextMessage by Eli M Remolona, Jr, Governor of Bangko Sentral ng Pilipinas (BSP, the central bank of the Philippines), during the Development Budget Coordination Committee Briefing for the House of Representatives on the 2025 National Government Budget, Manila, 6 August 2024.

Why it mattersThe Philippine governor presents the monetary assumptions behind the 2025 budget.

Problems raised
  1. The budget needs sound assumptions.
  2. External risks affect the peso.
  3. Inflation must be managed.
Solutions proposed
  1. Present monetary and external assessments to Congress.
  2. Support the 2025 budget assumptions.
  3. Keep inflation in check.
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