The state think tank Philippine Institute for Development Studies (PIDS) said the Aquino administration cannot afford to repeat its spending policy in 2011 when the money spent by the government contracted by 2.1 percent, resulting in a slower 3.9-percent economic expansion. The PIDS said public-construction spending should be combined with election-related spending to improve the country’s chances of sustaining an economic growth of over 6 percent. “Domestic sources of growth will be important because global economic conditions continue to remain fragile.
