Manila Times Business
Infrastructure spending yet to recover as of April
GOVERNMENT infrastructure disbursements have yet to recover this year as tighter review procedures implemented in the wake of last year’s corruption scandal continue to weigh on project execution and payment processing. Data released by the Department of Budget and Management (DBM) showed that overall disbursements rose by 11.1 percent to P505.4 billion in April from P454.8 billion a year earlier, buoyed by higher subsidies, transfers to local government units (LGUs), interest payments and
This is an excerpt. Read the full article at the original source:
Source: manilatimes.net
Read Full Article on manilatimes.net →More from Manila Times Business
Korea Deep Learning Secures Back-to-Back Global AI Benchmark Wins Over Big Tech
3h ago
Murj® Expands Global Footprint with Commercial Launch in Australia and New Zealand
4h ago
3D AI Studio Launches Flow: Node-Based 3D Workflows That Run in the Browser With No GPU or Setup
4h ago
7 killed and dozens injured following series of weekend shootings in Chicago
6h ago