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Infra spending hits P125 B in July
The Philippine Star
|September 28, 2024
The Marcos administration increased its infrastructure spending by 13 percent to P125 billion in July, largely to fund road and defense projects, according to the Department of Budget and Management (DBM).
Based on the latest national government disbursement performance report of the DBM, state infrastructure expenditure and other capital outlays expanded by 12.5 percent to P124.9 billion in July from P111 billion in the same period last year.
The DBM attributed the increase to the sizable disbursements of the Department of Public Works and Highways (DPWH) for the construction of roads, bridges, flood control structures, hospital buildings and multi-purpose building projects.
Esta historia es de la edición September 28, 2024 de The Philippine Star.
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