Above 6% GDP eyed with ‘catch-up plan’

THE country’s economic managers will embark on an “expenditure catch-up plan” to offset the negative impact of the delayed 2019 budget on growth.

“This morning, the members of the Economic Development Cluster held a meeting to formulate a carefully crafted and bold expenditure catch-up plan to enable us to hit a GDP (gross domestic product) growth rate of above 6 percent this year,” Finance Secretary Carlos Dominguez 3rd announced in a briefing on Friday.