Infrastructure spending up in February, driven by Bayanihan 2 expenditures

  • 📰 CNN Philippines
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Philippines Headlines News

Philippines Latest News,Philippines Headlines

Infrastructure spending stood at ₱56.1B in February, up 23.1% annually due to payments for completed projects of the DPWH and the Agriculture Department's construction of farm-to-market roads under Bayanihan 2, data from the Budget Department showed.

Infrastructure spending improved in February with agency expenditures in line with the Bayanihan to Recover as One Act picking up, data from the Budget and Management Department showed.

“This was accounted for mainly by the payments for completed infrastructure projects of the Department of Public Works and Highways which were started late last year, and the mobilization costs for their current year’s projects,” explained the DBM, citing the likes of road widening, rehabilitation and improvement, and flood control efforts as examples of said projects.

The latest figure brought total infrastructure and other capital outlays a total of ₱107.4 billion for the first two months of 2021. The amount is 14.4% higher than what was logged during the same period the year prior.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in PH

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.