Economic growth in 2012 and 2013 would not have reached 6.8 percent and 7.2 percent, respectively, if not for government spending supported by the Disbursement Acceleration Program (DAP), Socio-Economic Planning Secretary Arsenio Balisacan said.
An analysis of the data shows that “Philippine economic growth came in 2012, which was 6.8 percent – that would’ve been only 5.11 percent.
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