Economy / Philippines
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Budget Deficit Beats Expectations
February 2007 | Risk SummarySorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Philippine military chief, General Hermogenes Esperon, has identified communist rebels as the biggest long-term threat to the country's security, but stated that this would be rendered inconsequential within the space of three years. Esperon said that a counter-insurgency operation launched in 2002 was bearing fruit, and that the strength of the communist New People's Army (NPA) had been reduced to around 7,000, from 12,000. By 2010, he expects that number to be reduced by a further