Bloomberg News

Philippines Says Catch-Up Spending May Have ‘Stimulus Effect’

September 28, 2011

Sept. 28 (Bloomberg) -- The Philippines’ plan to boost spending may have a “stimulus effect” as the government tries to shield the nation from global uncertainty, Economic Planning Secretary Cayetano Paderanga told reporters today.

“Catch-up spending means that on a month-to-month basis, you’ll spend more than what you actually planned,” Paderanga said. President Benigno Aquino had instructed his economic managers to prepare measures to cope with a global downturn.

To contact the reporter on this story: Joel Guinto at jguinto1@bloomberg.net

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


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