BusinessWorld E-paper
July 20, 2022
INFRASTRUCTURE SPENDING picked up slightly in May as the Department of Transportation (DoTr) increased payments for railway and subway projects, offsetting the lower disbursements for public works projects due to the election ban.
In a report released on Tuesday, the Department of Budget and Management (DBM) said expenditures for infrastructure and other capital outlays rose by 2.1% to P80.5 billion in May, from P78.9 billion in the same month a year ago.
