Neda Chief: Reenacted budget ‘costly’ to PHL

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Neda Chief: Reenacted budget ‘costly’ to PHL - Business Mirror

Quick Summary:

THE country’s Chief Economist warned that a reenacted budget would be "costly” for the Philippine economy as it could delay projects and lead to wasted resources.

The P20-billion reduction in the budget of the Department of Agriculture undermines the country’s food security and rural livelihoods, the letter added.

The economists also raised concerns regarding the P11.6-billion reduction in the Department of Education budget, saying such would “endanger efforts to address the learning crisis” in the country.