Lala Rimando on deficit goal hike: Not if but how much
Posted at 09/26/2009 3:00 AM
Lala Rimando, business editor of abs-cbnNEWS.com and Newsbreak, talks to Ricky Carandang on ANC's Business Nightly about the likelihood of the budget deficit breaching the government's P250-billion ceiling this year. She says expectations of record-breaking deficit are starting to hurt the bond market, pushing the government to increase its debts, which in turn, results in lower funds for social services.