• Reuters

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President Rodrigo Duterte on Monday signed a 3.7 trillion peso ($71.5 billion) budget for this year, its largest ever, ending months of impasse that forced the Southeast Asian country to cut its growth target.

The Philippines last month cut its 2019 growth target to 6-7 percent from 7-8 percent, reflecting the absence of a new budget and the impact of the U.S.-China trade dispute.

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