MANILA, Philippines—As work on big-ticket infrastructure being financed by tycoons’ deep pockets continued despite prolonged quarantine, public-private partnership (PPP) projects would take the lead in lifting the economy from its pandemic-induced recession in 2021 and 2022, Department of Finance (DOF) estimates showed.
The government also ramped up expenditures on infrastructure, which rose 14.4 percent year-on-year to P107.4 billion as of end-February.
The latest Department of Budget and Management (DBM) data on Monday (April 12) showed disbursements on infrastructure and other capital outlays increased from P93.9 billion during the first two months of 2020.
These went mostl…
Keep on reading: DOF: PPP projects to lead spending in next 2 years