Either to speed up or to go down
| I.N.S.I.D.E . C.O.N.G.R.E.S.S |
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| Charlie Manalo |
With the World Bank (WB) downgrading the country’s projected growth from 4.5 percent in October to 4.2 percent due to the weakening demand for Philippine exports as the financial crises in the US and Europe continue to worsen, President Benigno “Noynoy” Aquino has to start spending more especially in infrastructure, to help spur growth, and disregard his administration’s line of budgetary management that the more savings they incur, the better it isfor the country.
About two months ago, an opposition solon exposed that Noynoy still has to spend more than a trillion pesos of the government’s P1.645-trillion budget for 2011. With only a month left in the year, sources say Noynoy has still more than P300 billion left in the government’s coffers to spend.
Noynoy should be made aware that increased investments in infrastructure results into benefits in terms of generating jobs internally, attracting foreign investments and a strong and positive impression for the country despite global economic turmoil and that a lengthy review and delay of infrastructure projects would lead to the stagnation of development particularly in the rural areas..... MORE
Source: The Daily Tribune
URL: http://www.tribuneonline.org/commentary/20111129com6.html
1 comment
bakit nga ba ginawa ni abs ito? para ibigay ang kontrata sa mga masasamang kkk niya?
"And to date, Noynoy has placed on hold projects initiated during the past administration including the multi-billion peso dredging of the Laguna Lake and some components of the Special Bridges Program (SBP) which could have benefitted some of the country’s region with potentials to spur the country’s economic growth."
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