| Philippines government is required to spend on its infrastructure at about 5% of the gross domestic product (GDP) by 2016, so as to encourage a more comprehensive economic growth. As reported by PNA (Philippines News Agency), World Bank (WB) Philippines Country Director Motoo Konishi stated that the economy has macro stability, the fiscal situation is improving and there is transparency in the government, indicating that governance leads to excellent economics. The government's infrastructure expenditure is about 2.6% of the GDP to date. |
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