{"id":241482,"date":"2020-01-06T18:40:01","date_gmt":"2020-01-06T23:40:01","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=241482"},"modified":"2020-01-06T18:40:01","modified_gmt":"2020-01-06T23:40:01","slug":"solon-wants-public-spending-raised-to-hit-ph-growth-target","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2020\/01\/06\/solon-wants-public-spending-raised-to-hit-ph-growth-target\/","title":{"rendered":"Solon wants public spending raised to hit PH growth target"},"content":{"rendered":"<figure id=\"attachment_241483\" aria-describedby=\"caption-attachment-241483\" style=\"width: 720px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2020\/01\/15400914_346750962363350_7873464195487420450_n.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-241483\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2020\/01\/15400914_346750962363350_7873464195487420450_n.jpg\" alt=\"\" width=\"720\" height=\"960\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2020\/01\/15400914_346750962363350_7873464195487420450_n.jpg 720w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2020\/01\/15400914_346750962363350_7873464195487420450_n-225x300.jpg 225w\" sizes=\"auto, (max-width: 720px) 100vw, 720px\" \/><\/a><figcaption id=\"caption-attachment-241483\" class=\"wp-caption-text\">Romero said government agencies must spend their respective budgets without delay for maximum economic growth and poverty reduction impact. (File <a href=\"https:\/\/www.facebook.com\/CongressmanMikeeRomero\/photos\/a.314381732266940\/346750962363350\/?type=3&amp;theater\">photo<\/a>: <a href=\"https:\/\/www.facebook.com\/CongressmanMikeeRomero\/\">Congressman Mikee Romero\/Facebook<\/a>)<\/figcaption><\/figure>\n<p><strong>MANILA<\/strong>\u00a0&#8212; House Deputy Speaker Michael Romero on Monday said increased public spending is key in attaining the government\u2019s target of a 6.5-percent to 7.5-percent gross domestic product (GDP) growth in 2020.<\/p>\n<p>Romero said government agencies must spend their respective budgets without delay for maximum economic growth and poverty reduction impact.<\/p>\n<p>\u201cHitting the GDP growth and poverty reduction targets this year are, in my view, two key goals of the 2020 national budget,\u201d he said.<\/p>\n<p>\u201cThe DBM (Department of Budget and Management) has proven it can release the funds fast, but it is the capacity of each agency to spend the funds timely and as authorized that must be the focus of each head of agency,\u201d he added.<\/p>\n<p>He noted that Congress has extended the availability of the 2019 Maintenance and Other Operating Expenses (MOOE) and Capital Outlays for the executive branch to spend in 2020.<\/p>\n<p>\u201cThis is part of the budget released in 2019 but not yet spent by the implementing agencies. So within the first half of 2020, the agencies would be using 2019 and 2020 funds. The economy should get a sizeable boost from all that government spending,\u201d he said.<\/p>\n<p>The House leader vowed that Congress will closely watch how well and how fast the departments spend the budgets by checking their absorptive capacity.<\/p>\n<p>\u201cCitizens nationwide should see more classrooms, school buildings, bridges, roads, and other key infrastructure built left and right in the coming months,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u00a0&#8212; House Deputy Speaker Michael Romero on Monday said increased public spending is key in attaining the government\u2019s target of &hellip;<\/p>\n","protected":false},"author":44,"featured_media":241483,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,95],"tags":[],"class_list":["post-241482","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","category-news-ph","mauthors-filane-mikee-cervantes","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/241482","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=241482"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/241482\/revisions"}],"predecessor-version":[{"id":241484,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/241482\/revisions\/241484"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/241483"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=241482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=241482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=241482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}