Government plans to spend P2.3-T in 2nd half BusinessWorld 2 hrs ago © Provided by BusinessWorld
THE GOVERNMENT is set to spend P2.3 trillion in the last two quarters of the year, slightly lower than the first-half program as the start of the rainy season may hamper infrastructure projects.
The Development Budget Coordination Committee (DBCC) set a P1.123-trillion disbursement target for the third quarter, and a P1.175-trillion spending goal for the fourth quarter, during its 179
th meeting on May 20, an official document showed.
The P2.3-trillion spending goal for the second half is 5.9% lower than the P2.442-trillion target in the first semester, but 3.9% higher than the P2.214 trillion spent in July-December 2020.
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Press Release - Lacson: Next Leader Should Prepare Solutions, Not Just Candidacy
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Press Release
Sailing into the sea is the easiest decision to make. Not knowing how rough the water is the dangerous part. Measuring one s skills in steering the boat is a big responsibility especially when people s lives depend on it. Best to think long and hard. It is not a game or a joke.
This applies to everyone, actually. Consider the following: Outstanding national debt of P10.774 trillion as of March 2021, ballooning to P10.991 trillion as of April 2021 3.44 million Filipinos out of jobs as of March 2021 Shortfall in revenue collections, with revenues at P2.84 trillion already including non-tax revenues like dividends, fees, etc., compared to the original target of P3.25 trillion, based on the Development Budget Coordination Committee s 2019 projections for the 2020 General Appropriations Act.