The latest national government disbursement performance report of the Department of Budget and Management (DBM) showed that state infrastructure expenditure and other capital outlays declined by 11 percent to P108.6 billion in August from P122.1 billion in the same period last year.
This is the first time in nine months that infrastructure spending recorded a decline or since the 29.4 percent contraction in November 2023.
According to the DBM, the lower infrastructure spending was due to lesser disbursements recorded in the Department of Public Works and Highways (DPWH).
In particular, DPWH has P22 billion in outstanding checks as of end-August, higher than the P17 billion in the same period in 2023.
These outstanding checks represented payments for progress billings, completed infrastructure works and activities, which were not yet encashed by contractors.
Diese Geschichte stammt aus der October 30, 2024-Ausgabe von The Philippine Star.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der October 30, 2024-Ausgabe von The Philippine Star.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
A case for entrepreneurial leadership
More than half a year ago, in my leadership seminars, participants would laugh and love the session, while others wondered why I presented Taylor Swift as a case study on entrepreneurial leadership.
Stocks plunge anew on profit taking
Share prices ended the week in the red as investors continued to take profits.
State agencies' cash usage remains at 94%
AS OF END-OCTOBER
Over 14,000 MW of committed projects to boost grid - DOE
Power projects with a total capacity of 14,022.55 megawatts (MW) are expected to reinforce the national grid by 2030, more than half of which will come from renewables.
ASICS 'RnR' draws 9,000 runners
The streets of Manila will light up with excitement as the ASICS Rock 'n' Roll Running Series Manila presented by AIA fires off at 10 p.m. tonight with over 9,000 runners representing 62 countries, making its third edition the largest yet.
Jordan's new heading
THE GAME OF MY LIFE
Lady Bulldogs near SSL three-peat
Games tomorrow (Rizal Memorial Coliseum) 1 p.m. - UST vs FEU (Battle for third) 5 p.m. - NU vs La Salle (Finals)
NCAA Final Four unfolds
Four teams, one seeking to preserve championship tradition and the other three aiming to establish new order, see action in today's NCAA Season 100 Final Four at the Cuneta Astrodome.
Make or break for Falcons
Adamson fights for dear life against also-ran Ateneo today and will try to force a knockout match with the University of the East for the last Final Four ticket in the UAAP Season 87 men's basketball at the Filoil EcoOil Centre in San Juan.
Brownlee stands tall, proud vs New Zealand
The euphoria of the Philippines' 93-89 shocker over long-time tormentor New Zealand in the FIBA Asia Cup Qualifiers worked as a balm for wounded Justin Brownlee.
