Philippines' Arroyo Says Budget Deficit Plan Ahead of Schedule

Philippine President Gloria Arroyo said the government is ``ahead of schedule'' in efforts to eliminate its budget deficit by 2008, giving room to expand long-delayed investment in infrastructure.

``We are able at last to start seeing some of the benefits from our very difficult fiscal reforms,'' Arroyo, 59, said in an Aug. 11 interview in the resort city of Cebu. ``It gives us a lot of room to invest in the deferred infrastructure that would make it good for investors to come.''

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