My Google Page Rank

IMF sees 4.2% GDP growth for PHL in ‘12

PDFPrintE-mail

The International Monetary Fund (IMF) expects a 4.2 percent expansion of the Philippine economy this year due in part to the fiscal stimulus measures, monetary accommodation, and remittances.

In a video presentation posted on the IMF website, Article IV Mission Chief for the Philippines Vivek Arora said projection on the domestic economy “is generally a positive outlook in the sense that growth slowed down in 2011 because of fiscal contraction and because of the global headwinds.”
He said fiscal and monetary measures put in place will boost domestic demand this year and counter the contraction in exports.

The multilateral lender forecast a 4.2 percent growth, as measured by gross domestic product(GDP), from last year’s 3.7 percent
“And then going forward we expect that the Philippines will regain its potential growth rate. What we estimate to be the potential growth is about five percent over the medium term,” Arora said.

Arora also cited that government’s fiscal consolidation bid with the goal to reduce debt to GDP ratio to 2.5 percent of GDP this year and then to two percent of GDP starting next year.

He said efforts to put in more inclusive growth was underway through increase of funding for social expenditures and infrastructure.
For the government to achieve this goal, Arora said there was a need to raise revenues through improved tax administration and collection as well as higher collection from excise tax, fiscal incentives and value added taxes.

Arora said the government’s bid to ensure a more inclusive growth was the focus of IMF’s Article IV consultation on the Philippines this.
He said ensuring that more inclusive growth could be achieved through strengthening primarily of the growth and its pace as well as ensuring that beneficiaries of higher growth would increase.

He said the economy needed to attract more investments through stronger infrastructure and public-private partnership as well as more focus and funding on social safety nets, human capital, and infrastructure.

“It also involves a set of mutually reinforcing policies to make sure that more people benefit from growth than what was done so in the past including through structural measures to improve rural developments and efforts of that,” he said.

by: Joann Santiago-PNA




Related news items:
Newer news items:
Older news items:

Add comment


Security code
Refresh

TITANS COBRA….. JAIME

19 Aug 2017 Hits:57 Be the first to comment!

Este si Jaime Cariño Canayon Jr., 15 años de edad, 5’6” el altor , anak di Jaime M. Canayon Sr. y Imelda Cariño . Su hermana si Jaine Mae C. Canayon y sila maga  residentes de Pluto, Tumaga Ciudad de Zamboanga . Grade 10 ta estudia na Ateneo de Zamboanga University . Este su istoria…. Ya principia yo juga Taekwondo cuando grade 9 iyo .  Este el desportes Quiere yo y quiere yo queda deberasan mi sueño.  Pureso ya atraca yo con mi mayores y ya abla yo canila  , ya conseja sila conmigo kay baka afecta el mi istudio. Ya promete yo canila kay estudia yo buenamente, ya comporma mi mayores para man enrol na taekwondo con coach Cesar Oliver Basilio [...] Read more

Prev Next Page:

TITANS SCORPION... NAMS

18 Aug 2017 Hits:65 Be the first to comment!

Este si Namshur Yahcob Pingli , su palayao “Nams”, 14 años de edad, 5’6” el altor , anak di Usman J. Pingli y Aeesha Masuhud Yahcob , su hermana si [...] Read more


D’PHOENIX… EG BOY

17 Aug 2017 Hits:75 Be the first to comment!

Este si Euroe gene Sosas Soriano, su palayao “EG Boy”, 28 años de edad 5’8” el altor , casao cun Al Jean B. Soriano , diila anak si Bayle B. [...] Read more


TEAKWONDO SUPER KIDS… ANGEL.. TOH DON.. FARIS.. GANDHI

15 Aug 2017 Hits:86 Be the first to comment!

Este istoria aserca con el maga anak di Don Mustafa Arbison Loong y Titina Anni Faraown Loong, residente de Km 4, Pasonanca road, Ciudad de Zamboanga . Este el cuento di [...] Read more


TAEKWONDO FANTASTIC SISTERS... ELIZA Y CHINA

13 Aug 2017 Hits:110 Be the first to comment!

Este el dos man hermana si Elizabeth Talisha B. Chan , su palayao “Eliza” , 16 años de edad y Nathalie B. Chan , su palayao “China”, 14 años de [...] Read more


City fetes outgoing police commanders

12 Aug 2017 Hits:128 Be the first to comment!

As a show of gratitude for all their hardwork and sacrifices, the seven (7) outgoing police station commanders were recognized by Mayor Beng Climaco in fitting ceremonies Friday noon that [...] Read more


TAEKWONDO SUPER KID... AARON

12 Aug 2017 Hits:115 Be the first to comment!

Este si Aaron Josh Niu Dee , ta lama conele Aaron, 9 años de edad, 121 cm el altor y un grade 4 estudiante de Ateneo de Zamboanga University . [...] Read more


TAEKWONDO SUPREME KID... MIGGY

12 Aug 2017 Hits:98 Be the first to comment!

Este si Paolo Miguel Tianzon Pagteilan , ta lama conele na palayao “Miggy”, 10 años de edad, 4’11” el altor y un grade 5 estudiante de Ateneo de Zamboanga University [...] Read more


ZCPPO No. 2 Mid-Year Assessment: Exceeding Targets

12 Aug 2017 Hits:111 Be the first to comment!

The Parole and Probation Administration is mandated by law not only to investigate potential convicted offenders who would likely respond positively to community-based corrections but also to supervise their much [...] Read more


Metro Rotarians on the move

11 Aug 2017 Hits:151 Be the first to comment!

Members of the Rotary Club of Metro Zamboanga organized a blood letting activity together with the Sharaffa Ysabelle Foundation at the Red Cross Blood Center in Petit Barracks on August [...] Read more


BILLIARD CUE STAR... CHEZKA

11 Aug 2017 Hits:109 Be the first to comment!

Este si Chezka Luy Centeno , ta lama conele na palayao “Joe”, 18 años de edad , 5’3” el altor, y residente de Veterans Avenue Extension, Tetuan, Ciudad de Zamboanga [...] Read more


TAEKWONDO POWER KICK... BRANDON

09 Aug 2017 Hits:109 Be the first to comment!

Este si Brandon  Dizon  Recinto , 17 años de edad , 161 cm el altor, anak di Borman Luna Recinto y Evangeline Dizon Recinto y residente de Luistro drive , [...] Read more


TAEKWONDO WONDER WOMAN... TINA

07 Aug 2017 Hits:128 Be the first to comment!

Este el istoria de un familia nana y anak athleta de Taekwondo Este si Titina A. Faraown Loong, Ta lama conele na palayao “Tina”, 42 años de edad, 150 cm el [...] Read more


STREET RACE KING... RUBEN

06 Aug 2017 Hits:127 Be the first to comment!

Este si Ruben Juaton Arquiza, 56 años de edad , 5’6” el altor , casao cun Ma. Soledad , tiene sila 5 anak y ta esta na Morning Breeze ,Talon [...] Read more


INTREPRENEUR RIDER…. CHOY

05 Aug 2017 Hits:134 Be the first to comment!

Este si Nelson Fernandez , conosido na palayao “Choy”, 52 años de edad, 5’4” el altor , casao cun Shirley Fernandez , tiene sila 3 anak y residente de Aurora [...] Read more


TAEKWONDO LADY STRIKER… GENNE

04 Aug 2017 Hits:138 Be the first to comment!

Este si Algene Marhee Pecson Amiruddin , ta llama conele na palayao “Genne” , 17 años de edad , 161 cm el altor y residente de Uy’s Drive , Lumiyap, [...] Read more


ZAMBOANGA PENCAK SILAT… SUPREME PERFORMANCE… CRIS ANN, RAVEN, HANNAH Y ALESSANDRA

31 Jul 2017 Hits:169 Be the first to comment!

Este el Pencak Silat Association que ta encabesa el Presidente del asociacion si Rommel L. Bernardo , El persona que ya discubri o ya principia grupu, amo si Sultan Jamalul [...] Read more


ZAMBOANGA CITY BIKERS ON THE RUN

30 Jul 2017 Hits:178 Be the first to comment!

“Este el Team Zamboanga City Bikers , el team Kalayat kay el miembro del team de otro otro grupu mga athleta pero todo  quiere juga este clase de desportes . [...] Read more


2017 INTER OFFICE BASKETBALL CHAMPION – CEO

29 Jul 2017 Hits:174 Be the first to comment!

Este el CEO City Engineer’s Office Basketball team , el maga empleado del oficina del CEO amo el maga miembros del team : Este canda Nelson Tarroza, Engr. Sherwin Rabago, [...] Read more