GDP growth plans for 2020
State economic planners hope to reach the target of 6.5-7.5 % of gross domestic product this year.
Mark that the slow GDP increase in 2019 was partly triggered by the late adoption of the country’s budget.
Department of Budget and Management and Congress timely approved the country’s spending plan for 2020.
The Director General of the National Directorate for Economics and Development (NEDA) emphasized the need to reconfigure the budget and payment protocols that are more reliable.
In 2020, NEDA relies on the manufacturing and construction sectors as part of the government’s Build, Build, Build program, which was adopted to accelerate economic growth. Although they do not deny that services will continue to be a growth driver.