Infra, capital spending inch up 41% in March

By Mayvelin U. Caraballo

May 21, 2021 12:37 am

State expenditures on infrastructure and capital outlays increased in March due to public works projects around the country, the Department of Budget and Management (DBM) said on Thursday.

The DBM's latest disbursement report showed expenditures up 41.1 percent to P87.8 billion in the third month of 2021 versus P62.2 billion a year ago. It was 56.4 percent higher, meanwhile, compared to February's P56.1 billion.

A file photo of a construction site at Binondo, Manila. The Department of Budget and Management reported on Thursday that state infrastructure and capital outlays increased in March as a result of public works projects across the country. PHOTO BY ENRIQUE AGCAOILI

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

BoP surplus hits $3.5B in September

Q3 earnings seen lifting stock market

PPP project update: 173 worth P3.17T in pipeline

Debt service burden down 7.6% to $7.7B as of end-July

DTI launches retail job blueprint

PH to standardize batteries, charging for electric vehicles

DoE bats for prompt completion of RE deals