Philippines Infrastructure projects spending jumped ₱16.4 billion to ₱23.8 billion a 45% up in January

s of January, expenditures for infrastructure and other capital outlay surged to ₱23.8 billion, a ₱7.4-billion or 45.1-percent increase from the ₱16.4 billion recorded in the same month last year. INQUIRER FILE PHOTO

Philippines—Public spending on infrastructure rose by nearly half in January as the government financed reconstruction efforts in areas affected by Super Typhoon Yolanda, documents released on Thursday showed.

The Department of Budget and Management (DBM) noted that government disbursements accelerated in January despite the absence of election-related spending after last year’s mid-term polls.

“What’s particularly notable is that we were able to ramp up expenditures to levels that would have been expected of election season, and we’re definitely a good way off from that,” Budget Secretary Florencio Abad said.

As of January, expenditures for infrastructure and other capital outlay surged to ₱23.8 billion, a ₱7.4-billion or 45.1-percent increase from the ₱16.4 billion recorded in the same month last year.

Overall, total national government expenditures likewise registered a ₱25.1-billion, or 15.9-percent, increase to ₱183 billion from ₱157.9 billion in January 2013.

“Front-loading of expenditures in the first semester fits very well with our goal of sustaining the country’s growth trajectory this year,” Abad said.

The DBM said spending for infrastructure and other capital outlay was buoyed by the various projects of the departments of public works and highways and of transportation and communications as well as the Health Facilities Enhancement Program of the Department of Health (DOH). - Inquirer

 
Share on Google Plus

About Webber

I am among of the writers and administrators of this web site. I always on the heads up when it comes to Sports, Politics, Economy, Business, Physics, Mathematics, Technology, computers and NEWS all over the world that triggers ny eyes and interests. I am working as a volunteer with other 14 administrators, researchers, writers and contributors. We are a strong solid team. Join us and be among of the contributor with your name on each posted article.

    Anonymous or Google Comment
    Facebook Comment

YOU MAY LIKE TO READ

LEARN FOREX TRADING AND GET RICH

Investment Recommendation: Bitcoin Investments

Live trading with Bitcoin through ETORO Trading platform would allow you to grow your $100 to $1,000 Dollars or more in just a day. Just learn how to trade and enjoy the windfall of profits. Take note, Bitcoin is more expensive than Gold now.


Where to buy Bitcoins?

For Philippine customers: You could buy Bitcoin Online at Coins.ph
For outside the Philippines customers  may buy Bitcoins online at Coinbase.com