PH reinvigorates infra plan to erase pandemic wounds

Next year’s expected economic rebound would be supported by massive infrastructure investments geared toward making the country new normal-ready through more flood control and water facilities as well as additional digital and health projects, the country’s chief economist said on Thursday.

Acting Socioeconomic Planning Secretary Karl Kendrick T. Chua told a press conference the P1.17 trillion earmarked for infrastructure expenditures for 2021, equivalent to 5.9 percent of gross domestic product, would generate 1.7 million jobs to temper this year’s 15-year-high unemployment rate and help the country revert to a positive growth starting the first quarter of next year.

Chua, who hea…

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