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The government increased its infrastructure spending to almost P200 billion in the first quarter, mainly to finance road and rail projects, the Department of Budget and Management said.
The Department of Budget and Management has urged government agencies to further ramp up their budget disbursement and spending as the utilization rate of the state firms reached 90 percent from January to April.
The government has approved the release of P25.16 billion to the Philippine Health Insurance Corp. to cover the health insurance premiums of 8.38 million Filipino indigents for one year, according to the Department of Budget and Management.
The government increased its releases of cash allocations, but state agencies were not able to improve their spending rate as of April, according to the Department of Budget and Management.
Budget Secretary Amenah Pangandaman yesterday took her oath as the newest appointed high-ranking member of the Philippine Coast Guard Auxiliary. On board one of the PCG’s largest ships, the BRP Melchora Aquino, PCG Commandant Admiral Artemio Abu presided over the donning and oath-taking ceremony for Pangandaman and other Department of Budget and Management officials.