Daily News

Infra spending seen recovering

Budget department noted that infrastructure spending would probably recover this year with a national budget already in place, after lagging in the 11 months through November. Infrastructure expenditures jumped 28.6% year-on-year to P80.9 billion in November, even as the 11-month tally fell 2.6% to P709.4 billion. The Budget department report traced the 11-month lag in infrastructure spending to the delay in the approval of last year’s national budget and an election-related spending ban. Projects were further delayed by the 45-day public works ban before the midterm elections in May 2019.