Daily News

Gov’t execs expect state spending to have picked up

State spending is expected to have picked up further this month as government offices try to make up for lost time last semester due to a 4 1/2 month delay in enactment of the 2019 national budget. Undersecretary Tina Rose Marie Canda of the Department of Budget and Management’s (DBM) Budget Preparation & Execution Group said that after bigger disbursements in July, the department expects that in “August it rose” further, leading to more improvements towards yearend since expenditures usually grow very fast in the last quarter.