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FISCAL REFORMS NEEDED TO SUSTAIN PHILIPPINES ECONOMIC GROWTH.

AsiaPulse News

| December 01, 2004 | COPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

MANILA, Dec 1 Asia Pulse - Fiscal reforms would still be need to sustain the 6.3 percent economic growth achieved by the country in the third quarter, Congressmen said here Tuesday.

Bulacan Rep. Wilhelmino Sy-Alvarado said fiscal reforms and new tax measures could ensure the country's economic growth uptrend would be sustained over the long term.

Alvarado said the 6.3-percent economic growth in the third quarter should spur the passage of revenue-generating measures and support initiatives for sectors like agriculture, fishery, forestry and industry, the major contributors to gross domestic product.

He said the people should continue their faith in and support for the Arroyo administration which has shown good management of the country's macroeconomic fundamentals in the past three years despite pressing problems.

"Despite the economic growth, we should remain focused on enacting revenue-generating measures on which the national budget and the elimination of the fiscal ...

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Source: HighBeam Research, FISCAL REFORMS NEEDED TO SUSTAIN PHILIPPINES ECONOMIC GROWTH.

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