PAUMANHIN PO SA LAHAT KUNG PAULIT ULIT ANG ARTICLE NA TO DAHIL NAPAKARAMING LAMAN AT MAHAHALAGANG IMPORMASYON ANG LAMAN NITO SA KASINUNGALINGAN NG GOBYERNO. The Supreme Court should take to task the Aquino government for misleading it by citing the World Bank’s March 2012 report that the DAP contributed “1.3 percentage points to GDP growth in the fourth quarter” (of 2011).” How could that happen, when the DAP started only in November 2011 and released less than P20 billion in the last two months of the year? Indeed, the World Bank’s subsequent reports back-pedaled on its view of the DAP’s contribution to the country’s economic growth. The World Bank noted in its updated December 2012 report that DAP represented a mere realignment of funds, which “does not guarantee sustained improvement in public spending to address growth and poverty targets.” Even if it represented some increase in spending, the World Bank pointed out, “its contribution to gross domestic product growth is still miniscule (at less than 0.01 percentage point) given its relatively small amount (P40 billion) relative to the size of the economy (P10 trillion). “
Posted on: Fri, 04 Jul 2014 22:40:02 +0000
Trending Topics
Recently Viewed Topics
© 2015