Infra spending ng bansa, tumaas ng mahigit P1.5-T noong 2024
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NewsTranscript
00:00The country's infrastructure spending increased by more than 1.5 trillion pesos in 2024.
00:06It's higher by 8.9 percent compared to what was predicted in 2023.
00:11According to the latest data from the Department of Budget and Management,
00:14it's equivalent to 5.8 percent gross domestic product.
00:19The 2024 infrastructure spending also entered the government's target of 5 to 6 percent
00:25under the medium-term fiscal framework.
00:28The DBM said that the construction activities of the DPWH will be implemented more quickly
00:37and that the DOTR Railroad Projects will be paid directly
00:41with the help of our friends in the country.
00:43Due to the high infrastructure spending,
00:46the GDP is expected to reach 5.4 percent in the next year.