THE national government ramped up its infrastructure expenditures, spending P736.7 billion as of the end of July 2024, according to the Department of Budget and Management (DBM). Latest data from the DBM showed the government’s infrastructure expenditure and other capital outlays from January to July 2024 grew by 19.
THE national government ramped up its infrastructure expenditures, spending P736.7 billion as of the end of July 2024, according to the Department of Budget and Management .
“This resulted from the sustained efforts of the Department to ensure the timely delivery of ongoing and carryover projects, the prioritization of the settlement of pending payables from prior years, and the streamlining of procurement procedures to shorten lead times and facilitate the prompt initiation of new projects,” the DBM said.
The DBM attributed the increase to the sizeable disbursements by the DPWH for the construction of roads, bridges, flood control structures, hospital buildings and multi-purpose building projects.
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