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                    [ArticleID] => 378290
                    [Title] => NG may generate P70-B budget surplus this year
                    [Summary] => 



The government would generate a budget surplus of at least P70 billion should Congress fail again to pass the 2007 budget and force another year under the reenacted 2005 budget.


The surplus, however, is not expected to be taken well by investors since the equivalent cutback in public spending would translate to a possible slowdown in growth unless the private sector is able to pick up the slack.


Preliminary estimates indicate that against the projected 2007 revenues of P1.12 trillion, the P963.15-billion 2005 budget would yield a surplus of at least P70 billion.

                    [DatePublished] => 2007-01-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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PHILIPPINE LONG DISTANCE AND TELECOMMUNICATIONS CO

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                    [ArticleID] => 378290
                    [Title] => NG may generate P70-B budget surplus this year
                    [Summary] => 



The government would generate a budget surplus of at least P70 billion should Congress fail again to pass the 2007 budget and force another year under the reenacted 2005 budget.


The surplus, however, is not expected to be taken well by investors since the equivalent cutback in public spending would translate to a possible slowdown in growth unless the private sector is able to pick up the slack.


Preliminary estimates indicate that against the projected 2007 revenues of P1.12 trillion, the P963.15-billion 2005 budget would yield a surplus of at least P70 billion.

                    [DatePublished] => 2007-01-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

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abtest

NG may generate P70-B budget surplus this year

By Des Ferriols | January 5, 2007 - 12:00am

The government would generate a budget surplus of at least P70 billion should Congress fail again to pass the 2007 budget and force another year under the reenacted 2005 budget. The surplus, however, is...

Business