Infrastructure spending accelerated last year, but it was mainly driven by low base effect of the Covid-19 pandemic in 2020, the Department of Budget and Management (DBM) reported. Public spending on infrastructure and other capital outlays rose 31 percent to P895.1 billion in 2021 from P681.5...
The next administration would need to continue the ongoing infrastructure projects of the current government to support foreign direct investment (FDI) inflows, the Department of Finance (DOF) said. Finance Chief Economist Gil S. Beltran said on Friday, March 25, that the ongoing infrastructure...
Senator Christopher “Bong” Go on Wednesday lauded the Duterte government’s latest effort to upgrade public infrastructure saying it shows President Duterte’s commitment to provide commuters faster and efficient services. Senator Bong Go (far left), President Duterte, Secretary Arthur Tugade...
The Department of Finance (DOF) has proposed the creation of a risk management office (RMO) that will identify and evaluate contingent liabilities and other risks assumed by the government in relation to public private partnership (PPP) projects. In a statement, Grace Karen G. Singson said on...
The Quezon City Police District (QCPD) held the inauguration and blessing of six newly constructed facilities at the district’s headquarters in Camp Karingal, Sikatuna Village on Monday, March 21. These include the Police Commissioned Officer (PCO) Staff Quarters, QCPD Custodial Facility,...
Reducing infrastructure spending to temper the government's growing debt stock will be counterproductive in the long-run as far as economic recovery is concerned, the Department of Finance (DOF) warned. While there is a need to gradually narrow the government’s budget deficit, Finance Chief...
Presidential aspirant Senator Manny Pacquiao will continue the Duterte administration's "Build, Build, Build" program if he wins in the upcoming May 2022 elections. However, Pacquiao's version of the program will focus on improving infrastructures in his home region of Mindanao. Pacquiao said...
Presidential aspirant Vice President Leni Robredo said she would continue the Build, Build, Build, infrastructure program of the Duterte administration but will put more emphasis on public-private partnerships (PPPs) instead of loans. Vice President Leni Robredo (Screenshot from the Commission on...
Senator Joel Villanueva on Sunday called on the government to ensure that the 45-day public works ban that would take effect on March 25, in preparation for the May 2022 elections, should be implemented in a way that would not affect jobs nor delay the completion of significant infrastructure...
Former senator Joseph Victor “JV” Ejercito on Friday expressed his belief the armed conflicts in the Philippines will “die a natural death” once the government addresses the roots of poverty, especially among rural communities. “When there’s already food, when there are jobs and...
Should he win a fresh mandate in the Senate in the coming May 2022 elections, former senator Joseph Victor “JV” Ejercito said he will file the bill seeking to create a comprehensive infrastructure master plan as his first bill. Ejercito said such measure would not be coterminous with any...
Vice President Leni Robredo wants the government to invest more in roads that will improve active transport and provide affordable and alternative mass transportation for the riding public. Vice President Leni Robredo (VPLR Media Bureau) Robredo, a presidential aspirant, said that the latest SWS...
