UPDATE:Philippines Budget Data Boost Fiscal Reform Hopes
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MANILA (Dow Jones)--Improved revenue collection and tighter controls on government spending kept the Philippines&#39; budget deficit well below the administration&#39;s ceiling in the 10 months to October, spurring confidence in the market about the government&#39;s
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Philippine President Gloria Macapagal Arroyo Monday announced that the economic team in her new Cabinet would stay for another term as the country is striving to solve its fiscal crisis.
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MANILA (Dow Jones)--Election-related spending and a resilient services sector spurred the Philippine economy to grow more strongly than expected in the
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The Philippine economy grew at an annual rate of 7.3 per cent last year, recording its biggest expansion in 31 years thanks to stronger consumer and government spending.
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The country&#39;s economy has accelerated, carried by strong household and government spending, to reach its fastest annual pace in nearly four years, official figures show.
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WASHINGTON - U.S. incomes and spending rose as  expected in December, while core consumer prices gained less  than anticipated, suggesting inflation is contained, a  government report showed on Thursday.
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The budget deficit for the current budget year will jump to about $250 billion, the Congressional Budget Office estimated Wednesday, citing the weakening economy
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Japanese lawmakers approved a proposal Friday that would rein in the country's fiscal deficit by shifting spending and authority from the national government to regional entities, providing a boost to Prime Minister Junichiro Koizumi's reform agenda.
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Slight improvement tempered by forecast of a sharp rise in debt over the next 10 years. Links to other web sites will open a new browser.
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Trade deficit figures headline a light week for economic data.
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KELOWNA, BC - The federal government and the provinces will have more money than expected because the economy has been growing faster than forecast, Prime Minister Paul Martin said Tuesday.
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ELECTION spending and increased usage of cellular phones allowed the Philippine economy to grow by 6.2 percent in the April-June quarter despite the government&#39;s fragile fiscal position, official data showed Monday.
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President Gloria Macapagal Arroyo claimed Wednesday that the Philippines&#39; growth prospects remain firm despite doomsayers&#39; grim economic forecasts.
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The Philippine economy grew by more than 6 percent in the third quarter of this year, sustaining strong growth boosted by surprisingly robust agricultural production and other factors, officials said Monday.
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The federal budget deficit would have been 69 percent higher than the $162.8 billion reported two months ago if the government had used the same accounting methods as private companies, the Bush administration reported Monday.
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MANILA - President Gloria Macapagal-Arroyo said Monday her current economic managers will retain their cabinet posts, her spokesman said, even as she acknowledged the country is in a fiscal crisis that she said is being remedied.
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The 30-company Philippine Stock Exchange Index ended up 16.90 points, or 1.1 percent, at 1,573.27, after giving up 2.4 percent in the past two sessions, including Wednesday&#39;s 0.7 percent loss.