Invest Daily Pro
  • Economy
  • Investing
No Result
View All Result
  • Economy
  • Investing
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Top News

Direct add’l infra funds to flagship projects for economic gains, gov’t told

by
December 26, 2024
in Top News
0
Direct add’l infra funds to flagship projects for economic gains, gov’t told
0
SHARES
11
VIEWS
Share on FacebookShare on Twitter
Men are at work on a segment of Commonwealth Avenue in Quezon City, July 13, 2024. — PHILIPPINE STAR/MIGUEL DE GUZMAN

By John Victor D. Ordoñez, Reporter

THE PHILIPPINE government must ensure that the P1.11-trillion budget for the Department of Public Works and Highways (DPWH) will not just be allocated to small-scale local projects and corruption-laden flood control projects, analysts said, saying these projects won’t spur economic growth.

“Infrastructure projects supposedly have high economic multiplier effects but not when projects are questionable and (involve) corruption-laden flood control or road re-blocking activities,” Enrico P. Villanueva, a senior lecturer at the University of the Philippines Los Baños Economics department, said in an X message.

“For these projects, government should resort to public-private partnerships and foreign aid funded projects.”

He said these modes of funding will need less outright cash from the government and will be less prone to corruption.

Senator Maria Imelda R. Marcos had earlier urged her brother President Ferdinand R. Marcos, Jr. to cut at least P188 billion from the DPWH’s budget to ensure that the spending plan does not violate the Constitution, which mandates that the Education sector gets the highest funding.

The President postponed the signing of the 2025 national budget into law on Dec. 30 from the initial Dec. 20 schedule after criticisms over lawmakers’ decision to cut the Philippine Health Insurance Corp.’s P74-billion subsidy next year and reduce the budget of the Department of Education (DepEd), according to Executive Secretary Lucas P. Bersamin.

Under the bicameral conference committee report of the P6.352-trillion national budget next year, lawmakers added more than P284 billion to the DPWH budget to P1.11 trillion from P825.12 billion initially proposed by the House of Representatives.

Philippine lawmakers had cut about P12 billion from the DepEd’s 2025 budget meant for computers and gadgets for public school use, which civic groups have criticized for being illegal and will likely hurt efforts to solve the country’s learning crisis.

“While infrastructure development is essential for economic growth and job creation, allocating P1.11 trillion to DPWH raises questions about prioritization and accountability,” Philippine Institute for Development Studies Senior Research Fellow John Paolo R. Rivera said in a Viber message.

Senator and finance committee chairperson Mary Grace Natividad S. Poe-Llamanazares has said the DPWH still sees right-of-way issues, delays in securing local government unit (LGU) permits as roadblocks in implementing flood control projects.

Based on data from the Philippine Atmospheric, Geophysical and Astronomical Services Administration, a total 11 tropical cyclones entered the Philippine Area of Responsibility last year.

Congress has been scrutinizing state flood-control projects after houses and people mostly in Metro Manila and nearby provinces were swept away by raging flood waters by tropical storms this year.

“It is doubtful that the additional funds of DPWH were channeled to strategic infrastructure projects that would spur economic growth. Time and again, legislators allocate funds for hyperlocal projects,” Zy-za Nadine M. Suzara, a public budget analyst and former executive director of policy think tank Institute for Leadership, Empowerment and Democracy, said in a Viber message.

ShareTweetPin

Related Posts

Have a taste of the perfect day in paradise with SULÀ Spirits
Top News

Have a taste of the perfect day in paradise with SULÀ Spirits

January 8, 2025
First months of 2025 likely rainy amid La Niña conditions, says PAGASA
Top News

First months of 2025 likely rainy amid La Niña conditions, says PAGASA

January 8, 2025
December inflation rises to 2.9%
Top News

December inflation rises to 2.9%

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
PHL end-December dollar reserves drop to $106.8B
Top News

PHL end-December dollar reserves drop to $106.8B

January 7, 2025
Next Post
Palace still reviewing 2025 national budget bill

Palace still reviewing 2025 national budget bill

Recommended

My fiscal wish list

My fiscal wish list

January 6, 2025
Investing in Gold Bars & Using a Singapore Safe Deposit Box for Security

Investing in Gold Bars & Using a Singapore Safe Deposit Box for Security

August 2, 2024
Barracuda Networks and Infinigate Reach Partnership Agreement for Iberian Market

Barracuda Networks and Infinigate Reach Partnership Agreement for Iberian Market

September 10, 2024
Top 5 Junior Copper Stocks on the TSXV in 2025

Top 5 Junior Copper Stocks on the TSXV in 2025

July 29, 2025
NNIC defends NAIA parking rates

NNIC defends NAIA parking rates

October 1, 2024
FNI eyes partnership for nickel processing plant

FNI eyes partnership for nickel processing plant

October 17, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Will Rhind: Gold, Silver at Record Highs, Mania Phase Still to Come

    Will Rhind: Gold, Silver at Record Highs, Mania Phase Still to Come

    January 16, 2026
    Prismo Metals Closes Acquisition of Increased Interest in Hot Breccia

    Prismo Metals Closes Acquisition of Increased Interest in Hot Breccia

    January 16, 2026
    Mario Innecco: Gold, Silver Breakout — What Record Prices Really Mean

    Mario Innecco: Gold, Silver Breakout — What Record Prices Really Mean

    January 15, 2026
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 investdailypro.com | All Rights Reserved

    No Result
    View All Result
    • About us
    • Contact us
    • Home
    • Privacy Policy
    • Suspicious engagement
    • Terms & Conditions
    • Thank you

    Copyright © 2026 investdailypro.com | All Rights Reserved