No need to increase country’s deficit for Yolanda aid, only reallocation—Balisacan

Socioeconomic Planning Secretary Arsenio Balisacan said on Friday that the government will resort to “reallocation” of funds over increasing the country’s deficit despite urgent need for additional funding and support for Typhoon Yolanda (Haiyan) victims and restoration of Visayas region.

Balisacan, who is also the director general of the National Economic and Development Authority (NEDA), told reporters on the Philippine Economic Society’s annual meet that the government is looking at reallocation first before resorting to additional inputs in deficit.