DOF says deficit to stay within target, Q3 GDP between 6.7 to 7.7 percent

The Department of Finance reported that the deficit would be within target:

Finance Secretary Cesar V. Purisima expressed confidence, on Tuesday, that the full-year deficit would be kept within the target of P325 billion amid efforts to improve tax collection and expand the tax base.

Budget Secretary Florencio B. Abad said that while government expenses increased by 6 percent to P1.263 trillion, the government has been spending judiciously.

Meanwhile, GDP was projected between 6.7 percent and 7.7 percent for the 3rd quarter.

Cocoy Dayao

Cocoy is the Chief Technology Officer of Lab Rats Technica, a Digital Consulting company that specialises in DevOps, iOS, and Web Apps, E-Commerce sites, Cybersecurity and Social Media consulting. He is a technology enthusiast, political junkie and social observer who enjoys a good cup of coffee, comic books, and tweets as @cocoy on twitter.

Cocoy is also the Managing Director and Editor-in-Chief of the ProPinoy Project.

Cocoy considers himself to be Liberal.