The official economic growth targets are set at five per cent to six per cent in 2012 and six per cent to seven per cent target in 2013. According to Budget Secretary Florencio Abad, election spending is going to be one of the biggest contributors to economic growth on 2012 and 2013 which gives the government confidence that it may exceed existing growth targets. The 2010 growth of 7.3 per cent -- the highest in 34 years -- should be instructive, said Abad.  The year 2010 was also an election year, reports Rappler

Full report is available at http://www.rappler.com/business/13404-govt-may-overshoot-12-and-13-growth-targets-on-polls-spend