Progress on foreign-funded big-ticket projects increased the amount spent on public infrastructure in the first quarter by more than 25 percent to P195.2 billion, from P156.1 billion a year ago, the Department of Budget and Management (DBM) said on Thursday.
In a report, the DBM attributed the increase mainly to road projects rolled out by the Department of Public Works and Highways (DPWH).
The surge in infrastructure expenditures also came on the back of “direct payments made to suppliers by foreign creditors for foreign-assisted projects such as the Metro Manila Subway project of the Department of Transportation and the Davao City Bypass construction project of the DPWH,” the DBM…
Keep on reading: Q1 gov’t infrastructure spending jumps 25%