Infrastructure, other capital outlays surge
STATE SPENDING on infrastructure and other capital outlays nearly doubled in April as the government ramped up construction and improvement of roads and flood control systems and bought more equipment for its schools, the Budget department reported on Wednesday.
State disbursement data showed infrastructure and other capital outlays grew 95.9% to P65.6 billion in April from P33.5 billion a year ago, and by 3.5% from P63.4 billion in March.
In its press release, the Department of Budget and Management attributed the surge to projects of the Department of Public Works and Highways like improvement, upgrading and widening of roads and bridges; construction and improvement of access roads to tourism destinations; construction of flood-control or -mitigation structures and drainage systems; and purchase of laboratory and information technology equipment for state universities and colleges, among others.
April fueled a 47.5% hike in such spending to P222.7 billion in the first four months from P151 billion in 2017’s comparable period.