A VISITING official of the International Monetary Fund said that the Philippines would do well to stick to its deficit-reduction target because any effort to boost growth of the economy should not come at the expense of a gaping budget deficit.
IMF deputy managing director Naoyuki Shinohara, who was in Manila for a four- day visit until yesterday, considered the deficit- reduction schedule of the Philippine government to be prudent.
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By: Michelle V. Remo
Source: Philippine Daily Inquirer, Nov. 8, 2011
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