DISBURSEMENTS to be made by the national government are expected to post double-digit growth by year end, according to the Department of Budget and Management .
“These projections only considered the actual disbursements as of September 2024 and estimated spending for Q4 based on issued disbursement authorities and historical agency utilization of available cash allocations,” the DBM said. “The numbers may likely change based on actual agency performance and additional urgent/priority spending requirements, if any.”
Further, P1.54 billion, equivalent to 5.8 percent of gross domestic product, are allocated for infrastructure disbursements, which includes transfers to local government units and support for state corporations. The government also spent for road infrastructure and defense modernization projects; salary adjustments; payments for healthcare workers; and the implementation of the Rice Farmers Financial Assistance program.
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