Government to Launch More Infrastructure Projects, as May Spending Increases 31.4%

The government spent P46.2 billion for infrastructure projects in May 2017, 31.4 percent up from the same month last year. For the first five months, the amount grew 8.1 percent to P197.2 billion compared to the same period in 2016. Economic officials added that 4,000 infrastructure projects would be pursued under the P8.4-trillion Public Investment Program (PIP) until 2022. Out of the 4,000, 75 will be big-ticket projects, of which 18 are…

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