Gov’t eyes spending 5 to 6% of GDP for infra projects annually

MANILA, Philippines — The administration of President Ferdinand “Bongbong” Marcos Jr. is eyeing to spend five to six percent of the country’s annual gross domestic product (GDP) on infrastructure projects for the next six years, Finance Secretary Benjamin Diokno bared Wednesday. Diokno said this was included in the Medium-term Fiscal Consolidation Framework which the economic … Continue reading Gov’t eyes spending 5 to 6% of GDP for infra projects annually