PH gov’t has ‘fiscal space’ to counter global economic challenges

By Michelle V. Remo

Philippine Daily Inquirer

2:21 pm | Monday, September 17th, 2012

Finance Secretary Cesar V. Purisima. INQUIRER FILE PHOTO

MANILA, Philippines—The Philippine government, given its lower budget deficit and declining debt ratio, has the “fiscal space” or flexibility to spend more to boost growth in case dampening effects of global economic problems become more pronounced, Finance Secretary Cesar Purisima said during the Philippine economic team’s briefing at the Philippine International Convention Center on Monday.

Follow Us

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Short URL: http://business.inquirer.net/?p=82456

Tags: Cesar Purisima , economic team , fiscal space

Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:

c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94

seo tools