The national government is doing its best to improve spending in the remaining quarters of 2015 to make up for the slack in disbursements that dragged growth in the first three months below forecasts, the Department of Budget and Management (DBM) said on Wednesday.
Budget Secretary Florencio Abad told the Economic Journalists Association of the Philippines (EJAP) in a forum jointly hosted by ING Bank the economy could have grown above 7 percent in the first quarter if all government agencies faithfully implemented their respective cash programs.
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