DBM: Infra spending on track to meet growth targets
DBM: Infra spending on track to meet growth targets
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NewsTranscript
00:00The Department of Budget and Management, or DBM, reported the Fiscal Year 2024 General Appropriations Act allocates
00:071.510 trillion pesos for infrastructure outlays, including subsidies to government-owned and
00:13controlled corporations, or GOCCs, and transfers to local government units, or LGUs.
00:20According to DBM Secretary Amena Pangandaman, the infrastructure budget is 13.5 percent higher
00:27than the 1.330 trillion pesos allocated in the previous year. She also added the infrastructure
00:34development under the Build Better More program continues to be a major priority of the Marcas
00:40administration.