By Reine Juvierre Alberto @reine_alberto THE national government infrastructure expenditures rose more than half in November last year after expediting the rollout of major projects and flagship initiatives.
THE national government infrastructure expenditures rose more than half in November last year after expediting the rollout of major projects and flagship initiatives.
The Department of Public Works and Highways accelerated its key infrastructure projects, including flagship initiatives under the FY 2024 General Appropriations Act , which contributed to the robust infrastructure spending during the month, according to the DBM. During the 11-month period, infrastructure spending hit P1.180 trillion, 15.5 percent higher than the P1.021 trillion recorded a year ago.IN November alone, the government’s expenditures totaled P551.3 billion, 27.1 percent higher than the P433.6 billion in the same month a year ago.
Interest payments also increased by almost 50 percent to P61.1 billion due to reissuance, additional issuances and coupon payments for fixed-rate Treasury bonds and retail T-bonds, as well as the effect of higher T-bill rates.
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