Gov't to hike infra spending next year

The government, through the administration of President Rodrigo Duterte, will spend P860.7 billion for fiscal year 2017, said Department of Finance (DOF) Undersecretary Antonette C. Tionko.

The amount is twice the annual infrastructure spending by the previous Aquino administration and is also P100 billion more than this year's (2016) capital outlay of P756.4 billion.

According to Tiokno, the budget hike commensurates to the Duterte administration's commitment to create an inclusive and dispersed growth whereby even the rural areas will benefit.

Aside from Metro Manila, the infra budget will also be allocated for big-ticket projects of the following region:

  • Cordillera Autonomous Region
  • Eastern Visayas
  • Eastern Mindanao (Specifically: Autonomous Region in Muslim Mindanao)

Mindanao, the  second largest island and the southernmost major island in the Philippines, will have the following infrastructure projects:

  • Mindanao Rail Way Project (2,000 kilometre)
  • Modernization of Davao Sasa Port
  • Expansion of Francisco Bagoy (Davao International Airport
  • Development of Laguindingan Airport
  • Mindanao Logistics Infrastructure Network (P31.5 billion)

"These projects, and those that will be added to the list, are worthwhile endeavors that should help provide opportunities and uplift the lives of our people here in Mindanao once they come into frution," Tiokno added.

 

 

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Source: Manila Bulletin (Gov't to double annual spending-DOF)