BusinessWorld E-paper
August 24, 2023
INFRASTRUCTURE SPENDING slumped by 16.4% in June, reflecting the high base effect and a significantly higher number of outstanding checks by some departments, the Department of Budget and Management (DBM) said.
Data from the DBM showed infrastructure and other capital outlays fell by P23.5 billion to P119.4 billion in June, from P142.9 billion in the same month a year ago.
