Spending on infrastructure projects soared in April owing to mobilization costs related to the ongoing projects of the Department of Public Works and Highways (DPWH), the Department of Budget and Management (DBM) reported. | ManilaBulletin
Based on the DBM data posted on its website, the national government’s infrastructure and other capital outlays jumped by 37 percent to P87.3 billion in April from P63.8 billion in the same month last year.
These costs are typically incurred at the start of a project and are necessary to ensure that all the necessary resources and personnel are in place to complete the project successfully. To achieve this goal, the government has established a medium-term infrastructure program that aims to sustain infrastructure spending at five percent to six percent of gross domestic product annually.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Revenge spending’ a lender’s fortuity | Cai U. OrdinarioREVENGE spending in the Philippines is still ongoing as online transactions among Filipinos remain robust, according to CIMB Bank Philippines. In a briefing last Thursday, CIMB Bank Philippines Inc. Chief Marketing Officer D’Artagnan M. Aguilar told reporters that the company is optimistic it can double to 500,000 the number of…
Read more »
IN PHOTOS: Matet de Leon's private and public lifeWhen we hear the name Matet de Leon (Maria Theresa Villamayor in real life), we often remember her as one of the most prominent child stars in the '80s. The daughter of two Philippine showbiz royalties -- Superstar Nora Aunor and seasoned actor Christopher de Leon -- Matet was able to move out from her parents' shadows by carving her own career as an actress both in TV and film. Aside from her showbiz life, Matet is a doting mother to her three children with her loyal husband, basketball player-turned-chef Mickey Estrada. Let us look at the career of one of the finest
Read more »
PBBM enjoins public: Preserve limited resourcesAs the country continues to weather the effects of climate change, President Ferdinand 'Bongbong' Marcos Jr. asked the public to care more about the environment and help preserve and manage the country's limited resources. ManilaBulletin READ:
Read more »
Herbosa to seek lifting of Philippine COVID-19 public health emergencyIn an ambush interview, Herbosa stressed that COVID-19 no longer posed an emergency and could be treated as any other disease that the Department of Health (DOH) monitors, like influenza, cough, and cold.
Read more »
Pisay student leader bags int'l Young Women in Public Affairs Award 2023A student leader from the Philippine Science High School (PSHS) Main Campus has bagged the Zonta International's Young Women in Public Affairs (YWPA) Award 2023, besting 21 other countries all over the world. ManilaBulletin READ:
Read more »
Herbosa to recommend lifting of COVID-19 public health emergencyHealth Secretary Ted Herbosa says while he would recommend lifting the public health emergency, the COVID-19 alert system should stay in place
Read more »