For this year’s national budget as approved by former President Benigno Aquino III, a total of P631.9 billion was allocated for infrastructure.
Budget Secretary Benjamin E. Diokno said that within the next six years, the Duterte administration is also planning on further increasing expenditures for infrastructure by up to 7 percent of the gross domestic product (GDP).
For 2017, the expenditures for infrastructure will account for 5.2 percent of the GDP.
The Department of Budget and Management (DBM) will submit to Duterte the 2017 national budget proposal which amounts to P3.35 trillion – a new record which is about 10 percent higher than the P3.0002-trillion national budget for 2016.
The budget secretary explained that the allocated money for infrastructure will be used to construct and improve airports, major roads, bridges, seaports, farm-to-market roads and post-harvest facilities.
To make the entire process faster and more efficient for the upcoming infrastructure projects, the Duterte administration will implement a 24-hours-a-day and seven-days-a-week construction work on most of its projects for the urban areas. Diokno said that this plan could help the government save money and provide the public with better infrastructure as soon as possible.
Diokno added that the contractor bidding for the upcoming government projects will take place in the fourth quarter of 2016.
source : kami
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