Infra to get P860.7-billion from the proposed 2017 national budget

Higher by 13. 8% than the current budget, the infrastructure sector will get P860.7-billion from the proposed P3.35-trillion 2017 national budget of the Duterte administration.

“This is one big step towards the realization of President Duterte’s agenda for a true and meaningful change. This budget will fuel our quest for reforms that would uplift the lives of our people and fight the many evils of plaguing our nation such as drugs, crime and corruption,” said House Appropriations Committee Chairman, Karlo Alexie Nograles.

Along with the 24/7 construction work and the sustained Public-Private Partnership (PPP) program, the budget increase is primarily attributed to the administration's commitment  to make the "Golden Age of Infrastructure" a reality.

Earlier, Budget Secretary Benjamin Diokno pronounced that specific infrastructure projects are to be pursued by the government including small, medium and large-scale projects across the country.

"We will spend something like 800 billion for public infrastructure. That's about 5.4% of GDP and ramping up to about 7.2% by 2022 and so I estimate will be something like 3.2 billion for public, public infrastructure," Diokno said.

 

Source: CNN Philippines, Rappler.com, Manila Bulletin and Business World Online