Philippine’s economy can see decrease decreases until the beginning of 2026 as an argument Aanomalous isststrytruction projectThe ability to reduce government spending, financial secretary Ralph G. REO Tuesday.
In the Senate of the Senate of the Budget Budget, MrT Reco said growth would cost the third quarter as President Ferdinand R. Marcos, Jr. Changes changes between corruption.
“This (decrease) can reduce until the first quarter of the next year,” he said. “The recent flood control is likely to cast a shadow in public use, but this is the beginning of cleaning, and we only see in the next few months.”
In In July, Mr. Marcos also festival to go wrong in flood management projects and presented figurebongsapanga.ph Website, which allows citizens to report illegally or public activities.
“The very President Himself is a pattern of the debate.
Corruption scale was investigating the Senate, the Department of Justice, Department of Justice, and the commission of infrastructure. Updated and evaluating the Department of Social Development Higher functions and ways (DPWH), Infrastructure is slow down, and created P255-billion cut into the DPWH budget of 2026.
“If a budget part has not lost fraud, the economy may grow about 6% to 6.2%, and collections of the BOC (Bureau in BOC (Mr. Mark.
Despite this, he remained confident that the economy would still meet the lower limit of 5.5% of 6.5% growth this year.
In the early six months of the year, the growth of the country’s home product (GDP) up to 5.4%.
The Master Financial Mary also also notes that the weather-related impairment affected the economic work in the third quarter.
“Our approach is expected, ensures that an existing fiscal space is addressed to a major, fast-impacted growth projects. (Community Budget Communication Committee) Consideration, “said Msolo Recto.
Mr.Colo Recto said it would take two to three quarters “to address the flood management issue but the use of infrastructure”
At that time, the economic secretary arseniio M. Balican said the full-year-old stone was “difficult” between a decrease in external use.
“But we will wait for the Coordinating Economic Economic Efficiency (First week of November) before the DBCC is active,” he told Businessworld to the Viber message on Tuesday.
Philippine Statistics Authorities will remove GDP Data for the first quarter in November 7.
The cuts of a greater measure
Mr Colo Recto, who lives in a money board, said a lot of reduction will be “good in the economy.”
“Everything depends on the revenue of inflation. At the moment, it looks like it will be inside the target, and reduce the interest rates already prescribed.
Bangko Sentral Ng Pilipinas (BSP) Last Sunday reduces its basic policy with up to 25 points up to 4.75% as required to support economic growth concerning Corruption scale is the idea.
The BSP Ruler Eli M. Remona, JR. Last week he left open door at one of the Dece D. 11 cleaning meeting, and probably more than the following year.
Mr. RECO said the drop of the global trade and 100% US priced dread of Chinese assets Belong to the following BSP policy.
At that time, the government remains followed by achieving their investment in the year, the Minister.
“We will hit the intended acquisition of all year. And our average income-to-GDP is increasing, already about 16.5%,” Msa Recto said. “Obviously, the problem is on the money, not on the side of the income.”
The government intends to collect P4.52 trillion this year, up to P4.98 billion in 2026, based on the 2026 budget for spending money and financial resources.
However, the BIR and BOC is expected to collapse their 2025 trillion collection terms of collecting P3.22 trillion and P958.7 billion, respectively.
Mr.Cola Recto also noticed that reduces economic growth and the uncertainty of the land similar to US high prices affecting incomemeet. – Aubrey rose a. friday
