As some big-ticket projects took a backseat to COVID-19 response, public infrastructure spending fell by more than a fifth to P681.1 billion in 2020.
The Department of Budget and Management’s (DBM) latest report on Friday showed disbursements on infrastructure and other capital outlays last year declined 22.8 percent from P881.7 billion in 2019.
But actual infrastructure expenditures exceeded by 11.8 percent the 2020 program worth P609.3 billion, which had been downscaled when the government realigned budget items—many of them projects of the departments of Public Works and Highways (DPWH) and of Transportation (DOTr)—into the war chest to fight COVID-19 under the Bayanihan to …
Keep on reading: Infra spending fell 22.8% to P681.1B in 2020