Finance Secretary Carlos Dominguez III stressed today that although the budget deficit incurred by the national government (NG) hit P353.4 billion in 2016, or P231.7 billion higher than the year-ago figure, it was well within the Duterte administration’s target of 2.7 percent of the Gross Domestic Product (GDP), in keeping with its commitment to start spending big on three priority areas to sustain high growth, attract investments and create jobs, accelerate poverty reduction and transform the Philippines into an upper middle-income economy by 2022.
Read MoreThe Mining Industry Coordinating Council (MICC) will meet for the second time tomorrow (March 3) to discuss the nitty-gritty of the three-month review that the five technical review teams (TRTs) of this Council’s Technical Working Group (TWG) are set to do starting this March on the 28 mining operations ordered shuttered or suspended by the Department of Environment and Natural Resources (DENR).
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