DEPENDING on public-private partnerships will not be enough to achieve the country's growth targets, the country manager of office solutions provider International Workplace Group claimed on Thursday.'The government spending has to be there because that government spending is investments,' IWG's Lars Wittig told a Manila Times economic forum.'If they rely entirely on PPPs, then we're looking at some delays. They need to crack the code to execute faster,' he added.
Philippine economic growth was a lower-than-expected 5.7 percent in the first quarter and was also below the government's downwardly revised 6.0- to 7.0-percent target.Wittig said the government would only be able to hit the target if it delivered on promises to ramp up spending.'They are underspending, and I can't stress it enough, they need to invest more and faster,' he said.
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