Fiscal goals aside, infra push to support growth

Fiscal targets could be missed by the government but its focus on improving infrastructure and education will be supportive of economic growth, BMI Research said.

“The Philippine government has proposed a P3.77-trillion budget for 2018, which marks a 12.4 percent increase from 2017. Although the projected targets seem overly-ambitious, we believe that the government’s focus on infrastructure and education spending will be supportive of growth over the short and long term,” BMI said in an analysis on Monday.