GOV’T SEEN RAMPING UP SPENDINGThe wider budget surplus of P6.8 billion posted by the Philippine government in November isn’t entirely great news. “Government spending will remain a drag on growth (in the fourth quarter) even if the weather is relatively better this year,” says Luz Lorenzo, market strategist for Maybank ATR-Kim Eng. She said the 2015 budget should provide greater leeway for the ...
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from Google News, Yahoo! News, Wikinews, NY Times National News by search term http://ift.tt/14fcniD
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