The Philippine government likely missed its infrastructure spending target last year by 12 percent, data from the interagency Development Budget Coordinating Committee (DBCC) showed. Amid a plan to raise spending for infrastructure to 5.2 percent by 2016, the DBCC estimated that the ratio between expenditures and gross domestic product (GDP) likely settled at 2.2 percent, or lower against the 2.5 percent target. Read More
