Government infra spend slowed in August

Quick Summary:

ADMINISTRATIVE delays and inclement weather hampered the government’s infrastructure spending in August, according to the Department of Budget and Management (DBM).

Subsidies to state-run corporations, meanwhile, declined by 24.9 percent to P87 billion from P115.9 billion.

That amount increased nearly a third (29.41 percent) from the P17 billion the DPWH recorded during the same period last year.

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Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets: Philippines

Topics: National Period Department Percent Billion Delays Disbursements August Infrastructure Year Spending

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 16:05:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 569 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23329195

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Official Website: businessmirror.com.ph

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