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DBCC to meet soon but tweaks to targets unlikely.

BusinessWorld (Philippines)

| October 22, 2010 | COPYRIGHT 1999 Business World Publishing Corporation. (Hide copyright information)Copyright

Byline: Ana Mae G. Roa

Economic managers are expected to meet sometime in the next three weeks to review the country's macroeconomic targets but changes are unlikely given the lateness of the year.

"I don't think that is really contemplated," Budget Secretary Florencio B. Abad said at a press conference yesterday when asked about revisions to this year's 5.0-6.0% growth target.

Finance Secretary Cesar V. Purisima bluntly replied "no" when asked the same thing in an ambush interview. He declined to elaborate.

The Development Budget Coordination Committee (DBCC), which sets macroeconomic targets, will be meeting before the government's launch of the …

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