Diokno confident Philippines will hit full-year GDP target

ABS-CBN News

Posted at Nov 17 2017 04:29 PM

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MANILA - Budget Secretary Benjamin Diokno is optimistic in achieving growth goals after the third quarter GDP expansion exceeded expectations at 6.9 percent.

Diokno said public construction grew by 12.6 percent, a contrast to the usual decline after an election year. He attributed this to fiscal policy and improvement in budget use.

"Next year will be much better than this year because as you know the learning curve is in the first full year of Duterte administration. And many of our projects will take off in the first quarter of next year. So, I'm confident it will be much better next year," he told ANC.

- Business Nightly, 16 November 2017