Close  
DESPITE REENACTED BUDGET

DBM: Infrastructure spending up 26.3% to P118.4B at end-Feb

By: - Reporter / @bendeveraINQ
/ 03:48 PM April 11, 2019

MANILA, Philippines — Even as the government operated on a reenacted budget at the start of the year, the amount spent on infrastructure still rose by over a fourth at end-February to P118.4 billion as it settled payables for finished projects.

The latest Department of Budget and Management (DBM) data showed expenditures on infrastructure and other capital outlays from January to February increased 26.3 percent from P93.8 billion a year ago.

ADVERTISEMENT

In a report, DBM mainly attributed the jump in disbursements on infrastructure to the “payment of prior years’ accounts payables for completed infrastructure projects of the Department of Public Works and Highways (DPWH).”

President Rodrigo Duterte is set to sign the P3.757-trillion 2019 national budget on Monday, April 15), almost four months behind schedule following an impasse between the two houses of Congress over allegations of insertions allegedly made by the House of Representatives.

FEATURED STORIES

This year’s budget was also delayed as former DBM chief and now Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno had been accused by some lawmakers of conflict of interest with certain infrastructure projects, while he declined to face any House-led probe.

To make up for lost time that should have been used to start building new infrastructure and continue ongoing projects, the Duterte administration’s economic team in February requested the Commission on Elections (Comelec) to exempt priority programs and projects from the election ban ahead of the May 13 midterm polls.

The economic managers had sought exemption for 145 big-ticket projects included in the proposed 2019 appropriations, on top of 603 DPWH-led projects.

While they await the President’s signature on the 2019 budget, DBM said agencies “can already proceed with the award of contracts and start implementing new activities with the effectivity of the 2019 general appropriations act, and undertake catch-up measures to meet their respective targets for the year” in a bid to “hopefully minimize the impact of the delays in the approval of the 2019 budget.”

Read Next
LATEST STORIES
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Business, business news, DBM, February 2019, Infrastructure, local news, News, Philippine news updates
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2019 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.