Philippines’ infrastructure spending up 23.1% as of February

Latest data showed direct government spending on infrastructure amounted to 148.3 billion pesos or about US$2.6bil in the January-February period. — The Philippine Inquirer

MANILA: Government spending on infrastructure surged by 23.1% in the first two months of this year, but the Department of Budget and Management (DBM) says the election-related spending ban could slow disbursements in the next few months.

Latest data from DBM showed direct government spending on infrastructure had amounted to 148.3 billion pesos or about US$2.6bil in the January-February period, higher by 27.8 billion pesos compared with the year-ago amount of 120.5 billion pesos.