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.
Bu hikaye The Philippine Star dergisinin October 30, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Philippine Star dergisinin October 30, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
THE RISKS OF ONLINE HARASSMENT
In October 2024, six billion individuals accessed the Internet, which accounts for 68 percent of the global population.
To raise fit kids, be fit yourself
To today's generation of kids, the word \"play\" has taken on a wholly different meaning from their parents' and grandparents' definitions.
Multiple Intelligence International School presents eco-bazaar for kids, by kids
Multiple Intelligence International School (MIIS) is holding \"MI Kids Can! #4GreenPH: Eco-Bazaar and Thrift Market on Dec. 1, 10 a.m. to 6 p.m. at the Activity Center of Ayala Malls UP Town Center.
A fair for gadget lovers at Rustan's
Cross off your Christmas list with ease as Rustan's Gadget Fair, ongoing until Dec. 2, offers amazing deals on top-tier gadgets, accessories, and more.
Disclaimer: Who is telling the truth?
\"The truth shall set you free.\" John 8:31-32 What would you do if you recognized yourself or someone you loved in a newly-released book with this disclaimer: \"Any resemblance to people living or dead is not a coincidence.\"
PBBM lauds mining environment champs
The Presidential Mineral Industry Environmental Award (PMIEA) is an annual award given to mining companies that demonstrate excellence in the following areas: safety and health management, environmental protection and enhancement, and social and community development.
CHEN OF EXO FINDS SOLACE SAFE SPACE IN SONGWRITING
Chen, regarded as a standout vocalist of K-pop boy band EXO, has shown how he does not only shine in the singing department, but also in writing the lyrics of songs that reflect his authentic self as an artist.
CHEN OF EXO FINDS SOLACE, SAFE SPACE IN SONGWRITING
Chen, regarded as a standout vocalist of K-pop boy band EXO, has shown how he does not only shine in the singing department, but also in writing the lyrics of songs that reflect his authentic self as an artist.
Director Frank Lloyd Mamaril fulfills his recording dream
Television, events, and stage director Frank Lloyd Mamaril could have his recording much earlier, when he was still a bit younger.
TOM RODRIGUEZ SHIFTS ACTING PRIORITIES FOR SON WITH NON-SHOWBIZ PARTNER
FOR TOM RODRIGUEZ, love shouldn't be complicated.
