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Article: Arroyo agrees to increase 2003 budget to 804 billion pesos
- Article from:
- Xinhua News Agency
- Article date:
- August 13, 2002
CopyrightCopyright 2002 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Arroyo agrees to increase 2003 budget to 804 billion pesos
MANILA, Aug. 13 (Xinhua) -- Philippine President Gloria Macapagal-
Arroyo on Tuesday approved the increase of the national budget for
2003 to 804 billion pesos (15.49 billion US dollars), or 0.4 percent
higher than the amount proposed earlier.
The twin goals of the 2003 national budget are to restore the
country's macro-economic stability and to win back investor
confidence in the economy, the presidential palace quoted Arroyo as
saying in a press statement released Tuesday.
On the Cabinet meeting held on Tuesday in the palace, Arroyo
stressed that next year's budget should be able to lay the
foundation of a strong ...