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                    [ArticleID] => 299281
                    [Title] => NG to borrow $600M for fiscal restructuring
                    [Summary] => The National Government (NG) wants to borrow $600 million for fiscal restructuring loan program next year if its budget position will continue to improve, a ranking government official said yesterday.


"Our deficit is below 2.5 percent. Maybe we can ask our multilateral creditors like World Bank to lend us money for further fiscal strengthening," Finance Assistant Secretary Gil Beltran said.


Beltran said the NG was not able to borrow this particular loan from the WB for the past four years because of the government’s weak fiscal condition.


                    [DatePublished] => 2005-09-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
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FISCAL RESTRUCTURING LOAN PROGRAM

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                    [Title] => NG to borrow $600M for fiscal restructuring
                    [Summary] => The National Government (NG) wants to borrow $600 million for fiscal restructuring loan program next year if its budget position will continue to improve, a ranking government official said yesterday.


"Our deficit is below 2.5 percent. Maybe we can ask our multilateral creditors like World Bank to lend us money for further fiscal strengthening," Finance Assistant Secretary Gil Beltran said.


Beltran said the NG was not able to borrow this particular loan from the WB for the past four years because of the government’s weak fiscal condition.


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                    [ColumnID] => 133272
                    [Focus] => 0
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                    [AuthorName] => Donnabelle L. Gatdula
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abtest

NG to borrow $600M for fiscal restructuring

By Donnabelle L. Gatdula | September 30, 2005 - 12:00am

The National Government (NG) wants to borrow $600 million for fiscal restructuring loan program next year if its budget position will continue to improve, a ranking government official said yesterday. "Our...

Business