Thursday, February 9, 2023
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Emerging Markets

PHL spending on safety nets seen smaller than emerging market average

MtR by MtR
June 14, 2021
in Emerging Markets
0
PHL spending on safety nets seen smaller than emerging market average


PHILIPPINE STAR/ MIGUEL DE GUZMAN

THE PHILIPPINES is among the emerging markets that have spent little on social safety nets relative to the size of its gross domestic product (GDP), Moody’s Investors Service said in a report.

Philippine spending on social safety nets accounts for 0.7% of its GDP, similar to that of Niger and Sri Lanka, Moody’s said.

Average spending of the 28 emerging markets analyzed was 1.54% of GDP.

“Among our sample, countries with broad and well-targeted programs have been able to deploy more support during the pandemic, thus mitigating the impact on consumption and growth, and reducing credit risks associated with social discontent,” Moody’s said in a note Monday.

Moody’s said Ukraine spent 4.4% on social safety nets, the highest in the group studies, while Togo spent 0.2% to bring up the rear.

Moody’s grouped countries according to their spending programs to assess their fiscal impact. The Philippines was classified in the fourth group, which has “well targeted safety net programs but relatively low spending, which limits the effects on reducing poverty and income inequality.” Other Asian countries within the category are Bangladesh, Malaysia, and Thailand.

“For governments with fiscal space and relatively moderate debt burdens, expanding the reach of social programs to reduce poverty and income inequality can support their credit profiles by decreasing social risks,” Moody’s said.

In July, Moody’s maintained its credit rating for the Philippines at “Baa2” with a stable outlook, citing the country’s strong fiscal position in recent years, which it said will help shield it from the impact of the coronavirus crisis. It noted, however, that policy reforms could take a back seat due to the pandemic. — Luz Wendy T. Noble



Source link

Related articles

It’s The Liquidity, Stupid – How Macroeconomics Shapes A Portfolio

August 10, 2022

Four graphs explaining…emerging market equities

August 10, 2022

Related Posts

It’s The Liquidity, Stupid – How Macroeconomics Shapes A Portfolio

by MtR
August 10, 2022
0

Whether a market is being shaped by fresh central bank liquidity or by banks taking liquidity out of an economy...

Four graphs explaining…emerging market equities

by MtR
August 10, 2022
0

Andrew Hardy Momentum Global Investment Management director of investment management The Chinese equity market has roughly halved since its peak...

Jefferies sees 15% correction in Indian markets; adds Zomato to portfolio

by MtR
August 10, 2022
0

Web Exclusive In the past one month, the S&P BSE Sensex and the Nifty50 have gained around 8 per cent...

Letter: Why Fed’s rate rise failed to rattle emerging markets

by MtR
August 10, 2022
0

One of the key reasons that we haven’t yet seen the capital outflows normally experienced by emerging market economies (EMs)...

‘The rupee is a better-performing currency against the dollar on a trade-weighted basis’: Sajjid Chinoy

by MtR
August 9, 2022
0

Sajjid Chinoy, Chief India Economist, JP Morgan and part-time member, PMEAC, on tackling challenges of rupee depreciation, getting rid of...

Load More
  • Trending
  • Comments
  • Latest

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021

Tips for checking smoke alarms during daylight saving time

March 12, 2022

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021

What will Durham County education bonds pay for? A full list

July 8, 2022
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022

Alberta oil production set new record in first half of 2022

August 10, 2022

Industrial Lubricants Market to Reach $71 Billion by 2027.

August 10, 2022

Recent News

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022

Alberta oil production set new record in first half of 2022

August 10, 2022

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter