Government spending sustained its upward momentum, as total disbursements reached P298.8 billion in November 2018, up 19 percent from a year ago, according to the Budget Department.
This put total spending in January to November to P3.095 trillion, higher by P601.7 billion or 24 percent, compared to the same period in 2017.
“We have an expansionary fiscal policy so we can upgrade our public infrastructure, as well as provide our people with quality and accessible healthcare, education, and poverty-reduction programs,” said Budget Secretary Benjamin Diokno.
“With the pace of public spending, it is clear that the government is following through with its ambitious plans, especially ‘Build, Build, Build’,” he said.
Infrastructure and other capital outlay hit P62.9 billion in November 2018 on the back of completed road infrastructure projects by the Public Works Department, repair and rehabilitation of school buildings and facilities of the Department of Education and State Universities and Colleges and acquisition of medical equipment of the Department of Health.