Political will
Metropolitan Bank & Trust Co. Research head Marc Bautista said the capital expenditure performance in May become a sign of political will at the part of the government to push thru with its infrastructure spending plans.
“The conventional summer time months are while avenue works are first-class rolled out and finished, and so this type of spending is hence, anticipated. The reality that the May number is higher than remaining year’s bodes properly for the authorities’s infrastructure spending plans,” he said.
Bautista warned, but, it might be a large venture for the authorities to preserve up with such pace of spending throughout the relaxation of the yr.
“For now, the fact that the 12 months-to-date spending on infrastructure and capital outlays exceeds that of closing 12 months must offer markets some diploma of consolation regarding the ability of the government to push thru with its spending plans,” he introduced.
Metropolitan Bank & Trust Co. Research head Marc Bautista said the capital expenditure performance in May become a sign of political will at the part of the government to push thru with its infrastructure spending plans.
“The conventional summer time months are while avenue works are first-class rolled out and finished, and so this type of spending is hence, anticipated. The reality that the May number is higher than remaining year’s bodes properly for the authorities’s infrastructure spending plans,” he said.
Bautista warned, but, it might be a large venture for the authorities to preserve up with such pace of spending throughout the relaxation of the yr.
“For now, the fact that the 12 months-to-date spending on infrastructure and capital outlays exceeds that of closing 12 months must offer markets some diploma of consolation regarding the ability of the government to push thru with its spending plans,” he introduced.
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