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The Department of Budget and Management says it is targeting to submit the proposed P5.024-trillion budget for 2022 to Congress on Aug. 23.

NLEX Corporation is planning to begin the construction of a two-kilometer expressway that links Mindanao Avenue to Quirino Highway in early September.  As part of the current administration’s Build Build Build Program, the P2-billion project will be integrated into the future NLEX expansion to C-5/C.P. Garcia near Katipunan Avenue, and is projected to alleviate traffic congestion along Mindanao Avenue for motorists passing through NLEX, according to J. Luigi L. Bautista, NLEX Corp. President and General Manager.  It will serve as an alternate route to certain areas in Manila through the N...

By HANA BORDEY, GMA News Published July 8, 2021 1:30pm Senator Francis Pangilinan has warned that the government’s fiscal space will further tighten as public funds intended for social services will now be diverted to pay the country’s P11 trillion outstanding debt. “The fiscal space will definitely tighten as resources that would otherwise go to services, amelioration programs, and the much needed stimulus package will then be diverted for servicing our debts,” Pangilinan told GMA News Online. His statement came after the Bureau of Treasury announced that the national governme...

Infrastructure spending more than doubled in May Updated Jul 7, 2021 2:26:00 PM enablePagination: false endIndex: Metro Manila (CNN Philippines, July 7) — Government spending on infrastructure surged in May, data from the Department of Budget and Management revealed. Data published Tuesday showed infrastructure expenditure amounted to ₱78.9 billion during the month, a whopping 102.5 percent spike from the ₱38.9 billion spent in May 2020. "This is largely credited to the ongoing implementation of infrastructure projects of the Department of Public Works and Highways nationwide," the DB...

SunStar Drone shot by Mark Perandos + April 29, 2021 THE economy of Davao Region contracted by 7.6 percent in 2020 due to the Covid-19 pandemic but still remains to be the fifth biggest economy in the country, according to the Philippine Statistics Authority (PSA). National Economic and Development Authority (Neda)-Davao Director Maria Lourdes Lim said this is "better" than the negative 9.6 percent growth rate of the country. "Despite the pandemic, Davao Region remained as the biggest economy in Mindanao with a value of P832 billion," Lim said. PSA-Davao Region Director Ruben Aba...