Govt targets rebound under lower growth goals

THE government is aiming for a growth rebound beginning next year under downwardly revised targets adopted amid continued global and domestic uncertainties. “The current macroeconomic conditions and geopolitical developments have increasingly undermined the credibility and relevance of the growth targets and fiscal projections,” Acting Budget Secretary Kim Robert de Leon said in a national budget memorandum issued on Friday. The interagency Development Budget Coordination Committee (