Poor GDP growth – what now? But we can’t really rely on corruption spending for inclusive growth. This observed divergence between private-led spending and government expenditure underscores structural issues in the transmission and conversion of public spending into perceptible economic gains,” it said. If this happens, firm owners can increase investments in fixed capital, create more jobs and catalyze growth. “Only by confronting the uncomfortable reality that more government spending may prove contractionary can policymakers chart a course toward truly resilient, sustainable and inclusive long-term growth,” CPBRD said.

Source: Philippine Star February 02, 2026 16:34 UTC