Government infrastructure spending will likely hit the 2018 target, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a joint report, citing the torrid pace seen so far for the year.
“We believe that NG (national government) disbursements will continue to record growth and that NG will be able to reach its target infrastructure spending of 5.3 percent share to GDP (gross domestic product) for 2018, given the current administration’s active commitment in ensuring a fast delivery and implementation of public infrastructure projects,” FMIC and the UA&P said in the latest issue of “The Market Call.”
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