Rolling P24bn budget deficits until 2020
Friday, September 16, 2016
Jeffers.PIC: KEOAGILE BONANG
Largely due to a P4 billion rise in development expenditure, government’s spending is expected to outweigh revenues in the 2017-2018 financial year by P6.8 billion or -4.1% of the GDP.
Deficits of similar magnitudes are seen until 2019 before the budget shortfall declines to -2.2% in 2020.
“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...