The national government intends to raise public infrastructure spending to 6 percent of GDP by 2028, according to the Philippine Development Plan (PDP).
THE national government intends to raise public infrastructure spending to 6 percent of GDP by 2028, according to the Philippine Development Plan .
However, in the first five years of the plan, the targets for infrastructure spending are lower than the 5.9 percent of GDP average recorded in the first three quarters of last year. Per the PDP, tapping more public private partnerships will help the national government obtain access to efficiency, greater resources, expertise, and innovations that would not be readily available and accessible for the public sector.projects. This will ensure the sustainability of operations of infrastructure facilities and free up fiscal space for other social programs and development priorities,” it added.
In turn, the national government intends to provide technical assistance and set service delivery standards for LGUs to help them undertake these projects.
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