Failure to launch
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Where is the economic progress pledged by Noynoy and those Public-Private Partnership (PPP) projects he said would be the cornerstone of his economic agenda?
It has been 14 months since he promised that major infrastructure development funded by an equal share between government and the private sector would spur economic growth, but except for one or two projects which are even inherited from the previous administration and are being passed off as part of the PPP effort of Noynoy, not one stone of the supposed flagship projects has been set up.
The lack of a clear plan for the PPP hype is becoming very evident with the long lag in starting the bids for these projects. Consequently with the delay in the PPP projects, coupled with the show of incompetence by withholding fund releases, the economy is on course to grind to a halt.
Last April, the budget posted a P26.258 billion surplus which was a level unseen in the past 20 years..... MORE
Source: The Daily Tribune
URL: http://www.tribuneonline.org/commentary/20111011com1.html
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