Infra spending hits P148 B in 2 months

The government increased its infrastructure spending by 23 percent to reach P148 billion from January to February on the back of higher disbursements for road projects, the Department of Budget and Management (DBM) said.

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Based on the latest national government disbursement performance report of the DBM, state infrastructure expenditure and other capital outlays rose by 23 percent to P148.3 billion from January to February compared to P120.5 billion in the same period last year.

The DBM said the infrastructure spending performance for the two-month period was attributed to the higher disbursements recorded by the Department of Public Works and Highways (DPWH).

In particular, the increase was due to the completion of carryover infrastructure projects, payments for emergency and disaster-related civil works and right-of-way settlements.

The DBM also attributed the higher spending to the increased volume of contractor billings and the expedited processing of accounts payables and enhanced coordination between the DPWH and implementing offices.