President Ferdinand Marcos Jr. has reaffirmed his commitment to infrastructure development as a key driver of economic growth despite vetoing a portion of the Department of Public Works and Highways (DPWH) budget. He aims to maintain infrastructure spending at 5-6% of the GDP and secure lower-interest loans through a better credit rating.
Despite the P26-billion vetoed portion of the budget of the Department of Public Works and Highways ( DPWH ) this year, President Marcos said government infrastructure projects will remain one the main drivers of the country’s economic growth. In his veto message for Republic Act 12116 or the 2025 General Appropriations Act, Marcos said infrastructure spending will be accelerated and be maintained at 5 to 6 percent of the gross domestic product.
‘This will have a multiplier effect on the economy, improve the ease of doing business, and facilitate the creation of more jobs,’ Marcos said. ‘It will also support efforts to modernize agriculture and agribusinesses, promote trade and investments, reinvigorate services, and advance research and development,’ he added.Under the 2025 GAA, the DPWH will have a P1.007 trillion budget this year, which makes infrastructure to have the second highest spending from the government after education. This after the P26 billion allocation for more than 180 public works projects, which are still not ready for implementation, were removed from the 2025 GAA by Marcos through his veto power. Aside from using government revenues, Marcos said the said projects will also be financed through loans. He said his administration is pushing for a better credit rating for the country this year by keeping spending and debt of the government in check so it can secure lower interest loans to ‘support infrastructure development and other growth-enhancing programs and projects.’ Exercising maximum prudence, he said, is necessary to prevent the government from derailing its development agenda. Last Monday, Marcos signed the P 6.326-trillion 2025 GAA, which was lower than the P6.352 trillion under the 2025 National Expenditure Program (NEP). The President vetoed P194-billion worth of line items, including those related to infrastructure, from the proposed 2025 budget for ‘not being consistent with the programmed priorities’ of his administratio
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