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NG disburses P720.5B for infra in H1, 18.4% higher

Business Mirror LogoBusiness Mirror11h ago

NG disburses P720.5B for infra in H1, 18.4% higher - Business Mirror

Quick Summary:

THE national government disbursed P720.5 billion for infrastructure in the first half of 2024, accounting for 5.7 percent of the country’s gross domestic product (GDP), according to the Department of Budget and Management (DBM).

Projects under the PAyapa at MAsaganang PamayaNAn (Pamana) Program of the Office of the Presidential Adviser on the Peace, Reconciliation and Unity, such as road networks, flood control and water supply systems were also funded by the government.

The Philippine economy grew by 6.3 percent in the second quarter of 2024, up from 5.8-percent GDP growth in the first quarter of 2024 and 4.3 percent in the second quarter of 2023.


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Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-21 @ 16:13:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 562 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 27 words per sentence (average)

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

Copyright Owner: © Business Mirror

News ID: 22196783

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About Business Mirror

Business Mirror Logo

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 64 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 11 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

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The story "NG disburses P720.5B for infra in H1, 18.4% higher" was covered 11 hours ago by Business Mirror, a news publisher based in Philippines.

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