Infrastructure spending eases to P89.6 billion in July
The government’s infrastructure expenditures remained sluggish in July as lower disbursements by the Department of Public Works and Highways continued to weigh on spending, although the contraction tapered off.
The government's infrastructure spending decreased slightly in July to P89.6 billion, according to data from the Department of Budget and Management. This decline, which was less severe than in April, was attributed to reduced disbursements by the Department of Public Works and Highways, despite the ongoing implementation of projects under the Department of National Defense's modernization program and the Philippine Rural Development Projects by the Department of Agriculture.
Government disbursements overall rose by 19.8 percent to P588.6 billion in July, driven by various expenses. As of July 31, approximately nine percent of the full-year obligation program of P6.793 trillion remained unfunded. In August, the DBM allocated P209.6 billion to important agency requirements, including education, healthcare, transportation, agriculture, local government support, and defense modernization.
Written by urgent.news from Philippine Star Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
