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Infra spending rises in Oct
The Philippine Star
|December 27, 2024
Infrastructure spending rose by 2.5 percent in October, with disbursements reaching P110 billion, according to the Department of Budget and Management.
Based on the latest national government disbursement performance report of the DBM, state infrastructure expenditure and other capital outlays increased in October from P107.3 billion in the same month in 2023.
The slight uptick was attributed to larger expenditures by the Department of Public Works and Highways (DPWH) for its ongoing road and bridge network infrastructure programs.
However, growth was tempered by lower disbursements from the Department of Transportation (DOTr) and the Department of National Defense (DND), reflecting varied timing in the release of funds and payment schedules for their flagship capital outlay projects.
This story is from the December 27, 2024 edition of The Philippine Star.
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