MANILA, March 13 (Xinhua): The Philippine government will sustain its annual infrastructure spending at 5 per cent to 6 per cent of the country's gross domestic product, National Economic and Development Authority Secretary Arsenio Balisacan had announced.
"I think the essence of what makes our goal ambitious is the fact that we have limited fiscal space, but there is so much space in other areas that can be utilized, which is why it is so important for us to really create that enabling environment and encourage private sector participation in our projects," Balisacan told an Asean conference.
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