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ARROYO CITES FISCAL PERFORMANCE OF GOV'T FOR LOWERING OF DEFICIT.

Publication: AsiaPulse News

Publication Date: 28-FEB-07
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COPYRIGHT 2007 Asia Pulse Pty Ltd

MANILA, Feb 28 Asia Pulse - Philippine President Gloria Macapagal-Arroyo cited Tuesday the strong fiscal performance of the national government, particularly its strict implementation of programs on improving cash flow and revenue collection, for the lowering of the budget deficit which resulted in the "freeing up" of funds that can be used for priority projects nationwide.

The President extolled the Philippines' "rosy economic outlook" during a round table discussion in Philippine Presidential Palace Malacanang with some members of her economic team on "the strong performance of the national government as well as the improvement on operational efficiencies of government corporations and what they mean to the poor."

Among...

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