SPENDING on infrastructure and other capital outlays rose in September, data from the Department of Budget and Management (DBM) showed.
SPENDING on infrastructure and other capital outlays rose in Sept ember, data from the Department of Budget and Management showed.Following the directives to boost spending for economic growth, infrastructure expenditures climbed to P137.1 billion in Sept ember, up 16.9 percent from P117.3 billion a year earlier.
22 trillion for the period, with the overperformance largely attributed to accelerated infrastructure spending.As of the end of September, allotment releases also exceeded the original P5.77 trillion obligation program, mainly due to continuing and automatic appropriations and additional releases under unprogrammed appropriations.However, P256 billion in unused funds remains, including P67.5 billion from department budgets, P93.1 billion from special purpose funds and P95.
Infra Spending Up By 16.9% In Sept
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