BALANCED FISCAL POSITION BY 2010

24 November 2004

Socioeconomic Planning Secretary Romulo L. Neri (left) challenges members of the Actuarial Society of the Philippines to advance the strategies of the government economic roadmap during a conference held recently. Neri has no doubts that the Society's professionalism and moral courage match the government's commitment to creating a favorable environment for investments. The administration has embarked on a fiscal deficit reduction program that would reduce deficit to -4.2 percent of GDP for 2004 and yield a balanced fiscal position by 2010.