Infra, capital spending jumps to P62B in May

Jul 09, 2019 12:21 am

STATE infrastructure and capital spending rebounded in May from a month earlier, rising to P61.5 billion on the back of foreign-assisted public-works projects and military modernization.

In a report on Monday, the Department of Budget and Management (DBM) said the amount was a 5.9-percent increase from P58.1 billion in the same month last year.

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