The prolonged quarantine restrictions amid the COVID-19 pandemic slashed spending on public infrastructure by almost a third to P57.1 billion in October.
Data from the Department of Budget and Management (DBM) released on Thursday showed October expenditures on infrastructure and other capital outlays dropped 30.6 percent from P82.2 billion a year ago.
The national government’s infrastructure disbursements in October were nonetheless slightly bigger than September’s P56.9 billion.
“Although an increase was recorded in the disbursements for capital outlay projects of the Department of National Defense under the revised Armed Forces of the Philippines modernization program, it onl…
Keep on reading: Virus spread, movement limitations cut infra spending in October