Infra spending up 49% on-yr in Jan-Feb

Infrastructure spending or capital outlay surged 49.2 percent to P49.8 billion in the first two months of the year, underlying the government’s continuous commitment to rapid, sustainable, and inclusive economic development.

In a statement, the Department of Budget and Management said infra spending in January and February last year totaled only P33.3 billion, or P16.5 billion lower than this year’s level.