Government disbursements on infrastructure and other capital outlays surged by a fourth as the third quarter began, marking the third straight month of double-digit growth, the Budget department said over the weekend.
State infrastructure spending and other capital outlays grew by 25% to Php48.4 billion in July, from the Php38.7 billion recorded in the same month last year. It was, however, 6.7% smaller than June’s Php51.9 billion.
An assessment of the Department of Budget and Management that was e-mailed to journalists last weekend attributed July’s year-on-year increment to “the implementation of flood control, road improvement and road widening projects of the Department of Public Works and Highways (DPWH).”
Also cited were the acquisition of naval and air defense equipment under the Armed Forces of the Philippines modernization program; equipment and infrastructure outlays under the Department of Health’s (DoH) Health Facilities Enhancement Program; as well as payments for the right-of-way acquisition for the on-going Southwest Integrated Transport System project and civil works for the Light Rail Transit-2 East Extension project that will stretch this line by 4 kilometers from Barangay Santolan in Pasig City to Masinag in Antipolo City.
Infrastructure and other capital outlays grew by 11.1% uptick to Php297.5 billion as of July from the Php267.7 billion recorded in the comparable seven months of 2016.