Budget Consolidation To Be Slow

February 2011
Asia Monitor: South East Asia Monitor Volume 2;Feb2011, Vol. 22 Issue 2, p1
Country Report
The article reports on the condition of budget consolidation in the Philippines which will be slow in 2011, as viewed by Business Monitor International Ltd. (BMI). It states that the reason of the slow budgetary consolidation is due to the unfavourable trend funds being diverted from development expenditure to current expenditure. According to BMI, as the pace will be slow, President Benigno Aquino III's administration may be missing an opportunity to reduce the government's overall debt load.


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