Based on the latest national government disbursement performance report of the DBM, state infrastructure expenditure and other capital outlays jumped by 36.2 percent to P118.9 billion in April from P87.3 billion in the same period last year.
The DBM said the substantial increase was due to the spending performance of the implementation of infrastructure projects of the Department of Public Works and Highways (DPWH).
These include the construction, repair and rehabilitation of roads, bridges and flood control structures, as well as the construction of administrative, hospital and multipurpose buildings.
Similarly, it was also attributed to the release of local counterpart funds for various foreign-assisted projects of the Department of Transportation and the implementation of projects under the Revised Armed Forces of the Philippines Modernization Program of the Department of National Defense (DND).
This story is from the June 24, 2024 edition of The Philippine Star.
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This story is from the June 24, 2024 edition of The Philippine Star.
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