Expenditure to be even higher in H2 – DBM
Infrastructure and other capital spending rose sharply in May particularly on precedence public works projects and the modernization of the military, the Department of Budget and Management (DBM) stated on Thursday.
Analysts saw the surge in spending as an illustration of the Duterte authorities’s political will to push ahead with the infrastructure spending it promised early on.
Infrastructure and capital spending in May rose 31.4 percent to P46.2 billion from P35.2 billion a 12 months earlier, DBM facts confirmed.
In the first five months of the year, such expenditure grew 8.1 percentage to P197.2 billion from P182.4 billion inside the corresponding length last yr, the organization said.
In its assessment, the Budget department traced the sharp upward push in infrastructure spending this May to “the completed road production, repair and rehabilitation, and flood control infrastructure carried out by way of the Department of Public of Works and Highways, as well as the requirements for the purchase of anti-submarine helicopters underneath the AFP [Armed Forces of the Philippines] Modernization Program of the DND [Department of National Defense].”
Infrastructure and other capital spending rose sharply in May particularly on precedence public works projects and the modernization of the military, the Department of Budget and Management (DBM) stated on Thursday.
Analysts saw the surge in spending as an illustration of the Duterte authorities’s political will to push ahead with the infrastructure spending it promised early on.
Infrastructure and capital spending in May rose 31.4 percent to P46.2 billion from P35.2 billion a 12 months earlier, DBM facts confirmed.
In the first five months of the year, such expenditure grew 8.1 percentage to P197.2 billion from P182.4 billion inside the corresponding length last yr, the organization said.
In its assessment, the Budget department traced the sharp upward push in infrastructure spending this May to “the completed road production, repair and rehabilitation, and flood control infrastructure carried out by way of the Department of Public of Works and Highways, as well as the requirements for the purchase of anti-submarine helicopters underneath the AFP [Armed Forces of the Philippines] Modernization Program of the DND [Department of National Defense].”
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