BUDGET Secretary Amenah Pangandaman said on Wednesday that the Philippines was on track to achieving its medium-term economic growth target despite subdued fiscal gains . The country's economy expanded by 5.
6 percent in 2023, outpacing China (5.2 percent) and Malaysia (3.4 percent) but trailing Vietnam (6.7 percent). This, however, fell short of the 6 to 7 percent target of the government.
Philippines Economic Growth Target Fiscal Gains
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Executive Secretary and UN Special Rapporteur Discuss Human Rights ConcernsExecutive Secretary Lucas Bersamin and United Nations Special Rapporteur Irene Khan met in Malacañang to discuss potential human rights concerns in the country. The UN rapporteur raised these concerns and is expected to report her findings in a press conference before leaving the country.
Source: TheManilaTimes - 🏆 2. / 92 Read more »
CEBU Business Leaders Rely on New Power Plant Facilities for Sustainable GrowthCEBU business leaders are counting on new power plant facilities to provide ample power supply and baseload reserves to sustain the province's rapid growth and development. The Mandaue Chamber of Commerce and Industry (MCCI) emphasizes the importance of energy in the country's post-pandemic economic recovery and preparation for increased investments and population growth. Cebu has shown significant growth potential in various industries, including shipbuilding, automotive manufacturing, and resource-based industries.
Source: BusinessMirror - 🏆 19. / 59 Read more »
IBON Foundation Urges Government to Address Jobless GrowthIBON Foundation analysts urge government to craft a national industrial policy that will cater to the needs of small-scale enterprises rather than big private corporations.
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Ping Lacson traces lawmakers’ word war on funds to ‘bad practice’ in budget lawmakingCONTROVERSIES over certain budget “insertions” that have stoked the word war between two chambers of Congress could have been avoided if the rules governing the conduct of bicameral conference committees (BCCs) had been followed, the former chair of the Senate Accounts committee said.
Source: BusinessMirror - 🏆 19. / 59 Read more »
Pacific Island nations anxious over U.S. budget impasse, warn of China's influenceLeaders of strategic U.S.-allied Pacific Island nations have become increasingly anxious about the U.S. congressional budget impasse that has delayed approval of vital new funding packages and warned that China is actively seeking to shift their allegiances, including over Taiwan.
Source: gmanews - 🏆 11. / 68 Read more »
Cebu City Council Approves Budget for Garbage Collection and Street LightingThe Cebu City Council approves a resolution for the City's garbage collection and disposal program and street lighting procurement. A budget of P319 million is released, almost 100 percent of the total budget. Councilors discuss the ordinance limiting fund release.
Source: sunstaronline - 🏆 18. / 59 Read more »