Prudent spending restricts growth of Government Consumption Expenditure (GCE)

The reenacted budget for 2006 along with the government’s prudent spending restricted the growth of Government Consumption Expenditure (GCE) to a meager 0.4 percent in the third quarter of 2006 from negative 0.2 percent in the same period last year.

Source: National Statistical Coordination Board (NSCB)

Posted November 29, 2006.