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DBM forces agencies to speed up spending

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The Department of Budget and Management will “increase pressure” on executive departments and agencies to speed up the use of public funds which, in turn, can drive up domestic growth.

Budget Secretary Florencio B. Abad cited economic planners when he said that growth in the first quarter could be attributed to strong government spending, especially in infrastructure.

Data from the National Statistics and Coordination Board showed that, compared with last year, the public construction sector grew by 62.2 percent, while government consumption increased by 24 percent.

Abad said government spending for key antipoverty and social programs also buoyed first-quarter growth. These include the conditional cash transfer program of the Department of Social Welfare and Development, salary increases under the Salary Standardization Law III, and priority programs for rice and other agricultural products.

“We expect to further boost the present momentum for government consumption through intervention measures for line agencies,” Abad said.

For one, funds that are not committed to specific projects will be allotted instead to fast-moving projects to sustain the current pace of expenditure.

“This will allow us to clear bottlenecks in fund disbursements so that agencies can speed up the implementation of programs and projects and meet scheduled deadlines,” he explained.

Finance Secretary Cesar V. Purisima said the “impressive (and) expectation-defying” growth in the first quarter highlighted the country’s resilience, as well as its capacity to grow faster, providing jobs and eradicating poverty in the long run.


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Tags: Department of Budget and Management , economy , Philippines , public spending , state budget

  • IanAlera

    BOYCOTT EVERYTHING made in China – people, products, language. —

    IMPLEMENT strict inspection of china goods, coming into our ports.
    IMPRISON smugglers of china goods.
    BAN chinese language in public schools.
    BOYCOTT chinese tv shows

    People let us fight back, and take control of our economy from these chinese. —

    BUY LOCAL, support local industries. The Philippine government should make it a priority to source primarily from Philippine suppliers, and from friendly countries. 
    BAN CHINA PURCHASES

  • http://pulse.yahoo.com/_AYITA5V33GYZSLC3G37UCVNTKA Ben

    Quote, “Budget Secretary Florencio B. Abad cited economic planners when he said that growth in the first quarter could be attributed to strong government spending, especially in infrastructure.”, end quote.

    So now, finally the government is realizing the value of PPP spending, I have been saying this since PNoy took the job..that`s the reason I attacked him in my comments for failing to continue GMA  projects such as Laguna lake dredging to deepen its capacity to hold flood waters- now the cancellation of that works means millions of dollars to pay the involved Belgium company and now, rainy season comes we like  a grasshopper failed to prepare and there are no serious projects to avoid the repeat of the Ondoy diluge in Marikina, the threat is basically justt staring you in the eyes. The cancelled High speed North Rail projects, now we must also pay for every delays that the project was cancelled and that are in millions too, the Suoth Rail project too.

    We need another broadband infrastructures to protect the government sensitive informations and the recent China hack attack exposed our vulnerability once again like a grasshopper failing to prepare.  He failed to launch the PPP including road dike defenses for the major populated areas, serwerage system to clean the water in order that during the summer drought,  dams will not get too overwhelmed and when rivers and lakes are clean there are sources that can prevent overpumping of our water table that is also sinking lands in the Philippines. The BioEthanol and renewable projects of GMA, lost and like a grasshopper we will again suffer the same fate repeatedly. Unless, this government will reduce our oil dependency by utilizing our domestic resources such as Ethanol and CNG powered buses and provide electricity for all sectors of our country, we remain vulnerable to wild swing in the international arena, the wind plants where are they now? We are really are, ningas cogon, with manyana habit, when we feel comfortable we stopped finishing important projects and what we can do now will be shelved for another day–we are like a grasshopper.



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