Bloomberg News

Philippines Meets State Departments to Implement Faster Spending

September 28, 2011

Sept. 28 (Bloomberg) -- Philippine economic managers have conducted meetings with government departments to implement spending that has lagged this year’s plan, Finance Undersecretary Gil Beltran told reporters today. Spending in the first eight months fell 8.1 percent from a year earlier, the government reported last week. The economy rose 3.4 percent in the second-quarter from a year earlier, the slowest since 2009.

To contact the reporter on this story: Max Estayo in Manila at mestayo@bloomberg.net

To contact the editor responsible for this story: Clarissa Batino at cbatino@bloomberg.net


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