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 double surprise from Bruno Mars
Doesn't Bruno Mars make all Pinoys feel proud? As everybody surely knows Bruno is half-Filipino. He was born to a Pinoy mother and Hawaiian father in Hawaii.
CHITO ROÑO HELMS QUANTUM FILMS' 20TH-YEAR OFFERING 'ESPANTAHO'
MASTER HORROR STORYTELLER CHITO RONO initially didn't want to Venture into horror again, but there's a compelling reason why he's returning to the genre with the Metro Manila Film Festival (MMFF) 2024 entry \"Espantaho,\" produced by Quantum Films.
INVEST IN THE FUTURE, INVEST IN SOUTHLINKS ESTATE
Just as birds instinctively journey south for warmth and comfort, families in Metro Manila are finding their future in the flourishing southern cities of Paranaque, Las Pinas, and Muntinlupa. These vibrant locales are emerging as prime destinations for those who value true modern life - the harmonized convenience of urban living while connecting to the tranouilitv of nature- -
ACCESS THAT TRULY MATTERS
Nestled at the boundary of Las Piñas and Alabang, Muntinlupa, Southlinks Estate sits in an area that offers a rare blend of suburban tranquility and urban energy.
Calamba: Where history, culture, and nature come alive
Have you ever wondered what it feels like to step into a place that's both a gateway to the past and a vibrant reflection of the present?
The Rockwell Signature Comes to Life in Bacolod with the Unveiling of the Clubhouse at Nara Residences
Nara Residences by Rockwell opens its newly-built Clubhouse, providing its community with dynamic space for leisure and wellness within Bacolod City 's premier Rockwell enclave.
IT STARTS AT HOME: PHILIPPINES CHAMPIONS LOCAL SOLUTIONS AT WORLD URBAN FORUM
Representatives from the Department of Human Settlements and Urban Development (DHSUD), along with project advisors and local government unit planning officials, proudly presented the Philippines' initiatives and best practices and shared valuable insights and experiences at the 12th session of the World Urban Forum (WUF12) convened by the United Nations Human Settlements Progamme (UNHabitat) in cooperation with the Government of the Arab Republic of Egypt, last November 4 to 8, 2024 in Cairo.
Ortigos: Eleyoltin the new generation Ii estyle
For many of today's professionals and families, finding a place that offers both convenience and a sense of community can be challenging.
THE RICHNESS OF ILOCOS: AN EMERGING OPPORTUNITY FOR EVERYONE
Ilocos is a treasure trove of history, culture, and natural wonders.
Vista Land Builds Better Futures Inspired by Spanish Heritage in Ilocos
Metro Vigan in Ilocos Sur is the only surviving city from the 16th century. Well-preserved, it has been declared a UNESCO World Heritage Site and elected one of the New Seven Wonders Cities.
