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Govt Debt-to-GDP ratio to surpass 27 percent in current year
The Government Debt-to-Gross Domestic Product (GDP) ratio will be hitting a five-year all-time high in the current year at 27.3 percent, according to a forecast published along with the report titled ‘Beyond Collection: Reforming Tax Systems for Inclusive Growth in ASEAN+3’ released by Asean+3 Macroeconomic Research Office (AMRO), on Monday. [...]