The President proposes a spending program (on cash basis)1 of P2.96 trillion for FY 2017 (equivalent to 18.6% of GDP). This amount is 11.9% higher compared to the estimated FY 2016 disbursements of P2.65 trillion (equivalent to 18.2% of GDP). As indicated in Table 1, actual cash disbursement-to-GDP ratio under the Aquino administration was only 16.4% on average (2010-2015).>>read complete document

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