The Duterte administration’s bid to further increase infrastructure investments continues to show force with the June 2017 spending up 12.2 percent year-on-year.
Data from the Department of Budget and Management (DBM) website showed that infrastructure/other capital outlays reached PHP51.9 billion last month, higher than year-ago’s PHP46.6 billion in May.
Infrastructure and other capital outlays accounted for the bulk of capital outlays last June that totalled to PHP77 billion, up 26.5 percent against the PHP51.7 billion in June 2016.
The other components of capital outlays are equity, which amounted to PHP3.2 billion last June, and capital transfers to local government units (LGUs),PHP22 billion.
Both are higher than the PHP1 million spent for equity and PHP10.5 billion for capital transfers to LGUs in June 2016.
President Rodrigo Duterte, in his second State of the Nation Address (SONA) last July 24, stressed his administration’s focus to increase investment on needed infrastructure, which was set between PHP8 to PHP9 trillion until the end of his term in 2022.
The Japan Coast Guard (JCG) will for the first time deploy a vessel to Australia, as part of efforts to strengthen counter-piracy measures in Southeast Asia. The vessel, the 3,300-tonne Souya-class … [Read More...]
MANILA -- The visit of US Chief-of-Navy Operations, Admiral John Richardson, to the Armed Forces of the Philippines (AFP) headquarters in Camp Aguinaldo, Quezon City gave both the Philippines and the … [Read More...]
I was able to attend the 2018 Asian Defense and Security (ADAS) at the World Trade Center (WTC) in Manila recently, and every time the event is held (every two years) it always seem to get bigger and … [Read More...]
MANILA -- The US government reiterated its offer to supply the Philippines with the Lockheed Martin F-16. The offer took place during Department of National Defense (DND) Secretary Delfin … [Read More...]
The kit incorporates, among other systems, an electro-optical imager and a variant of ELTA Systems' EL/M-2022 synthetic aperture radar The 300th Air Intelligence and Security Wing (AISW) of the … [Read More...]
The Philippines will hold joint military exercises with China during the Association of Southeast Asian Nations (Asean)-China military exercise to be held in Zhanjiang, China on October 22 to 29, the … [Read More...]