Duterte Administration Targets Higher Infrastructure Spending

The administration plans to spend P7 trillion for infrastructure from 2017 until 2022. It hopes to make up for current deficiencies, create decent jobs, modernize the crumbling public infrastructure and propel the economy to higher growth. It already submitted the proposed P3.35 trillion national budget for 2017, with public infrastructure spending amounting to 5.4 percent of the GDP at P860.7 billion, 13.8 percent higher than this year’s…

Subscribe via email for complete access to Supreme Consult’s weekly report on political and investment risks in the Philippines.