November infra spending jumps 44.8% on road projects, PNP equipment ? DBM
Government spending soared in November as several projects have been completed for roads and sea patrol.
Infrastructure spending grew by 44.8 percent to reach P43.8 billion for that month alone, with the sharp increase driven by payments for completed government projects.
Among the projects which saw the biggest payouts are projects under the Department of Public Works and Highways, including flood control and the construction, concreting, and widening of road networks across the country.
The government also spent more as it bought additional equipment for the Philippine National Police, as well as the acquisition of new supplies and the repair of patrol vessels of the Philippine Coast Guard.
This brought year-to-date spending to P2.49 trillion, up by a tenth from the same period in 2016.
?The statistics on government disbursements only bolster our thrust for efficient and effective public service delivery,? Department of Budget and Management Secretary Benjamin Diokno said in a statement.
?The rise in infrastructure spending can be attributed to our ambitious Build Build Build program, which will usher in the Golden Age of Infrastructure in the Philippines,? Diokno added.