Hurdles to growth addressed in 2nd half

Published by rudy Date posted on October 1, 2014

STATE underspending and a faster rise of prices of widely used goods are “stumbling blocks” to the country’s economic growth, but these constraints will likely be addressed this semester, the University of Asia and the Pacific (UA&P) and the First Metro Investment Corp. (FMIC) said in their latest joint monthly report.

“It would appear that the remaining stumbling blocks for an even stronger rebound in H2 are relatively high inflation rate and NG (national government) underspending,” FMIC and UA&P said in the September issue of The Market Call.

“We, however, see these two main concerns addressed in H2.”

Inflation is expected to have already peaked at July and August’s 4.9% — which brought year-to-date inflation to 4.4%, against a 4.5% revised full-year official forecast — with start of palay harvest last month and additional supply of rice to arrive from abroad this month.

Public spending, the report said, should rise this semester, citing President Benigno S.C Aquino III’s request to Congress for a supplemental budget “that would offset the cutting off of DAP (Disbursement Acceleration Program) funds”, a stimulus package that was disallowed in July by the Supreme Court for being unconstitutional.

State spending rose 6% to P1.296 trillion in the eight months to August from the past year’s P1.222 trillion. In the first half, spending on infrastructure alone hit P136.6 billion, 10.8% up from a year ago but 30% short of a P195.3-billion target for January-June. –Businessworld

April 2025

World Day for Safety and Health at Work
“Safety and health at work every day!”

Invoke Article 33 of the ILO constitution
against the military junta in Myanmar to carry out the 2021 ILO Commission of Inquiry recommendations against serious violations of Forced Labour and Freedom of Association protocols.
Accept National Unity Government
(NUG) of Myanmar.
Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideos

Time to support & empower survivors. Time to spark a global conversation. Time for #GenerationEquality to #orangetheworld!

Monthly Observances:

March – Women’s Role in History Month
April – Month of Planet Earth

Weekly Observances:
Last Week of March: Protection and Gender Fair Treatment of the Girl Child Week
Last Week of April – World Immunization Week

Daily Observances:
Mar 25 – International Day of Remembrance of the Victims of Slavery and the Transallantic Slave Trade
Mar 27– Earth Hour
Apr 21 – Civil Service Day
Apr 22 – World Earth Day
Apr 28 – World Day for Safety and Health at Work

Trade Union Solidarity Campaigns

No to Trafficking

Jobs! Jobs! Jobs!

Categories