Too soon to revisit growth target - NEDA

The government sees the need to revisit its growth target amid global economic uncertainty, but making changes would be premature for now, the National Economic and Development Authority (NEDA) said.

- By LOUELLA DESIDERIO

"There are many things happening especially with all this uncertainty in the global economy. We need to revisit (the growth target),"" NEDA Secretary Arsenio Balisacan told reporters on the sidelines of the signing of the joint memo circular for strategic and efficient budget allocation.

However, he said it is too early to lower the growth target at this point.

In December last year, the Development Budget Coordination Committee revised the economic growth targets to reflect emerging domestic and global developments.