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.
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