Higher spending needed on human capital – NEDA

The Philippines is stepping up spending on health and education as part of economic reforms, cognizant that such investment is vital to reducing inequality and poverty in the country, the National Economic and Development Authority (NEDA) said in a statement released Wednesday.

NEDA Director-General and Socioeconomic Planning Secretary Arsenio Balisacan said reforms being carried out call for such increase in spending, particularly under the government’s conditional cash transfer program.