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                    [Title] => Gov’t sticks to budget deficit target
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The government said yesterday that it is confident of meeting its 2007 budget deficit target despite a report by credit rating agency Fitch that it will double to P125 billion.
                    [DatePublished] => 2007-07-26 00:00:00
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                    [Title] => Gov't sticks by budget deficit target despite shortfall
                    [Summary] => 
MANILA (AFP) - The Philippines said Wednesday that it was confident of meeting its 2007 budget deficit target despite a report by credit rating agency Fitch that it will double to 125 billion pesos (2.78 billion dollars). 



Finance Secretary Margarito Teves said the report was disappointing but added that the government remained confident of meeting its target ceiling of 63 billion pesos, or 0.9 percent of the gross domestic product (GDP). 


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                    [Title] => Fitch remarks on RP fiscal performance dampen market
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                    [Title] => Fitch affirms positive credit rating for RP, but…
                    [Summary] => Fitch Ratings has affirmed its positive rating for the Philippines but warned the government of the need to improve its tax collection if it wants to sustain its fiscal gains.


"An extended period of restrained spending and the successful implementation of the VAT (value added tax increase) in 2006 demonstrate the government’s clear commitment to fiscal prudence," James McCormack, head of Asia Sovereigns at Fitch, a credit-rating agency, said.


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                    [Title] => Fitch Ratings says con-ass ‘ potentially disruptive’
                    [Summary] => 



Fitch Ratings called the proposed constitutional change "potentially disruptive" as it projected a slowdown in growth in 2007 with political and security concerns upstaging economic issues. 


Fitch said in its "Asia Sovereign 2007 Outlook" that political and security issues will preoccupy the Philippines and other Asian countries in 2007.


The midterm elections in May and the debates on Charter change will continue to dominate Philippine politics next year, according to Fitch.


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ASIA SOVEREIGNS

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                    [Title] => Gov’t sticks to budget deficit target
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The government said yesterday that it is confident of meeting its 2007 budget deficit target despite a report by credit rating agency Fitch that it will double to P125 billion.
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                    [Title] => Gov't sticks by budget deficit target despite shortfall
                    [Summary] => 
MANILA (AFP) - The Philippines said Wednesday that it was confident of meeting its 2007 budget deficit target despite a report by credit rating agency Fitch that it will double to 125 billion pesos (2.78 billion dollars). 



Finance Secretary Margarito Teves said the report was disappointing but added that the government remained confident of meeting its target ceiling of 63 billion pesos, or 0.9 percent of the gross domestic product (GDP). 


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                    [Title] => Fitch remarks on RP fiscal performance dampen market
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                    [Title] => Fitch affirms positive credit rating for RP, but…
                    [Summary] => Fitch Ratings has affirmed its positive rating for the Philippines but warned the government of the need to improve its tax collection if it wants to sustain its fiscal gains.


"An extended period of restrained spending and the successful implementation of the VAT (value added tax increase) in 2006 demonstrate the government’s clear commitment to fiscal prudence," James McCormack, head of Asia Sovereigns at Fitch, a credit-rating agency, said.


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                    [ArticleID] => 374943
                    [Title] => Fitch Ratings says con-ass ‘ potentially disruptive’
                    [Summary] => 



Fitch Ratings called the proposed constitutional change "potentially disruptive" as it projected a slowdown in growth in 2007 with political and security concerns upstaging economic issues. 


Fitch said in its "Asia Sovereign 2007 Outlook" that political and security issues will preoccupy the Philippines and other Asian countries in 2007.


The midterm elections in May and the debates on Charter change will continue to dominate Philippine politics next year, according to Fitch.


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abtest

Gov’t sticks to budget deficit target

July 26, 2007 - 12:00am

The government said yesterday that it is confident of meeting its 2007 budget deficit target despite a report by credit rating agency Fitch that it will double to P125 billion.

Business

Gov't sticks by budget deficit target despite shortfall

July 25, 2007 - 11:28am

MANILA (AFP) - The Philippines said Wednesday that it was confident of meeting its 2007 budget deficit target despite a report by credit rating agency Fitch that it will double to 125 billion pesos (2.78 billion...

Nation

Fitch remarks on RP fiscal performance dampen market

July 25, 2007 - 12:00am

Business

Fitch affirms positive credit rating for RP, but…

By Des Ferriols | March 7, 2007 - 12:00am

Fitch Ratings has affirmed its positive rating for the Philippines but warned the government of the need to improve its tax collection if it wants to sustain its fiscal gains. "An extended period of restrained...

Headlines

Fitch Ratings says con-ass ‘ potentially disruptive’

By Des Ferriols | December 14, 2006 - 12:00am

Fitch Ratings called the proposed constitutional change "potentially disruptive" as it projected a slowdown in growth in 2007 with political and security concerns upstaging economic issues. Fitch...

Headlines