Philippines Could Unlock Up to 7.1% of GDP in Fiscal Gains Through Bolder Reforms

https://www.worldbank.org/en/news/press-release/2026/09/28/philippines-could-unlock-up-to-7-1-percent-of-gdp-in-fiscal-gains New Public Finance Review finds that fiscal sustainability and inclusive growth can work in tandem to lift two million Filipinos out of poverty without raising spending MANILA, September 28, 2026 — A new World Bank Group report finds the Philippines can unlock between 3.6% and 7.1% of GDP in combined savings and additional revenue annually by broadening the tax base, improving collection efficiency, and making public spending more efficient and equitable.