Diokno: IRA ruling

program,” Diokno said.

Major credit rating agencies such as Moody’s Investor Service, S& P Global Ratings, and Fitch Ratings all rate the Philippine as investment grade.

The government, which is targeting 7.0-8.0 percent GDP growth for 2018, is banking on its “Build Build Build” program to provide the impetus.

The ambitious infrastructure program will be bankrolled by tax reforms and concessional loans, with the overall budget expected to hit up to P9 trillion by 2022.