THE national infrastructure budget is projected to rise to P1.47 trillion by 2022, with the Duterte administration planning to build 64 major infrastructure and transportation projects to boost and sustain economic growth, the Department of Finance (DOF) said on Thursday.
The national government’s infrastructure budget is projected to rise from P552 billion this year to P1.47 trillion by 2022, or from 3.5 percent to 5.7 percent of gross domestic product (GDP), the DOF said, citing data from the Department of Budget and Management (DBM).
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