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Article: Teves admits deficit to surpass P250 B.(Main Business)
- Article from:
- Manila Bulletin
- Article date:
- November 4, 2009
CopyrightCOPYRIGHT 2009 Manila Bulletin Publishing Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The government may exceed its budget deficit goal this year of P250 billion due to spending related to typhoon reconstruction and despite successful sales of assets, the finance minister said Wednesday.He said the government is likely to breach the target even after the proposed sale of its stake in two companies – Food Terminal Inc. and PNOC-Exploration Corp., which could together generate around P25 billion in revenue.The government is looking to sell the 103-hectare Food Terminals Inc. commercial estate it had valued at around $279 million and a 40 percent stake, worth about P11 billion, in oiland-gas explorer PNOC-Exploration Corp (PNOC-EC) before the year ...
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Article: San Miguel Corporation
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