{"id":52450,"date":"2015-06-21T18:37:40","date_gmt":"2015-06-21T10:37:40","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=52450"},"modified":"2015-06-21T18:37:40","modified_gmt":"2015-06-21T10:37:40","slug":"coloma-assures-govt-is-doing-its-best-to-execute-2015-spending-program","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2015\/06\/21\/coloma-assures-govt-is-doing-its-best-to-execute-2015-spending-program\/","title":{"rendered":"Coloma assures gov’t is doing its best to execute 2015 spending program"},"content":{"rendered":"
\"Communications<\/a>
Communications Secretary Sonny Coloma (Photo: Presidential Communications Operation Office)<\/figcaption><\/figure>\n

MANILA — The Aquino government bids to ensure the recovery of government spending to sustain the strong growth of the domestic economy and achieve the seven to eight percent growth target for 2015-16.<\/p>\n

Presidential Communications Operations Office (PCOO) Secretary Herminio Coloma Jr. assured this during an interview by state-owned Radyo ng Bayan Saturday.<\/p>\n

Analysts have generally lower projections for the economy for this and next year compared to the government targets.<\/p>\n

For one, Moody\u2019s Investors Service cut to six percent from 6.5 percent its growth forecast for the country this year due to lower government spending and slower global trade.<\/p>\n

Coloma said that the government cannot do something about global trade, thus, it was focusing on how to address and make government spending faster.<\/p>\n

These two factors are also the main reason for the drop in domestic growth in the first quarter of the year to 5.2 percent after recovering to 6.6 percent in the last quarter of 2014.<\/p>\n

Coloma said that the country continued to have strong trade with other countries so he was hopeful that the slowdown would not greatly affect the domestic economy.<\/p>\n

In terms of government spending, the Palace official said the government was exerting extra effort to implement this year\u2019s expenditure program.<\/p>\n

\u201dYung kung ano ang inilaan na pananalapi ay magastos ito sa tamang paraan at sa mga kapaki-pakinabang na mga proyekto para \u2018yung benepisyo ng pag-unlad ay maramdaman ng ating mga mamamayan,\u201d he said.<\/p>\n

In the first four months of the year, the government registered a budget surplus of Php 135.4 billion.<\/p>\n

This after revenues grew faster than expenditures at nine percent and five percent, respectively.<\/p>\n

While having a surplus is good, the government has to spend more to ensure that all infrastructure projects programmed for the year would be implemented.<\/p>\n

\u201dYung sinasabing surplus, isa ring indikasyon \u2018yan na medyo behind tayo doon sa spending. Kaya \u2018yan ang pinagsisikapang pabutihin at paghusayin ng iba\u2019t ibang ahensya ng pamahalaan,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA — The Aquino government bids to ensure the recovery of government spending to sustain the strong growth of the …<\/p>\n","protected":false},"author":44,"featured_media":40378,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1482,1145,95,483],"tags":[],"class_list":["post-52450","post","type-post","status-publish","format-standard","has-post-thumbnail","category-breaking","category-headline","category-news-ph","category-politics","mauthors-joann-santiago","mauthors-philippines-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/52450","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=52450"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/52450\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/40378"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=52450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=52450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=52450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}