8 months Re-enacted budget harmful to local economy – Palace MB
By Genalyn Kabiling A re-enacted budget will harm the local economy and affect the implementation of vital infrastructure projects, social services, and other poverty alleviation programs. Presidential Spokesman Salvador Panelo (OPS / MANILA BULLETIN) Malacañang stressed this Thursday as it emphasized its preference for the passage of the proposed 2019 national budget. “A re-enacted budget as a result of a budget impasse would hurt our economy,” Presidential spokesman said. “This would translate to lost opportunities for higher growth as our economic managers are estimating a loss of 1 to 2.3 percentage points in the full-year gross domestic product in the ... more