SPENDING on infrastructure and other capital outlays dropped in August due to lower disbursements by the Department of Public Works and Highways (DPWH), data from the Department of Budget and Management (DBM) showed.
SPENDING on infrastructure and other capital outlays dropped in August due to lower disbursements by the Department of Public Works and Highways , data from the Department of Budget and Management showed.Amid directives to increase expenditures to support economic growth, the amount spent for infrastructure projects dropped to P108.6 billion, 11.1 percent lower than the year-earlier P122.1 billion.The decline was mainly due to lower disbursements at the DPWH, which reported P22.
For the eight-month period, infrastructure and capital outlays spending rose by 14.2 percent to P845.3 billion from P740.3 billion in January-August 2023.Overall government spending was PP440.5 billion in August, slightly down by 0.7 percent from P443.6 billion a year earlier.Year to date, meanwhile, it was up 11.3 percent to P3.69 trillion compared to P3.31 trillion in the comparable 2023 period.As of end-August, the program balance stood at P178.3 billion, or 3.1 percent of the P5.
Infra Spending Falls By 11% In August
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