Infra dev’t eyed to get P1.42-T in 2024 NEP — DBM

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THE Department of Budget and Management (DBM) said infrastructure development will get a total allocation of P1.42 trillion in the 2024 National Expenditure Program (NEP), or 6.6 percent more than the P1.33 trillion allotted for 2023.

The move was aimed at spurring higher economic growth and help as many Filipinos lead a comfortable life so that no one will be left behind. Infrastructure development was identified by the administration of President Ferdinand Marcos Jr. as a key factor in achieving its goals.

DBM Secretary and concurrent chairperson of the Development Budget Coordination Committee (DBCC) Amenah Pangandaman highlighted the value and details of infrastructure development under the Build Better More program.

To create more jobs and promote investments over the medium term, infrastructure development will foster an environment conducive for businesses and investments through enhanced connectivity and reduced costs of logistics and transport,” Secretary Pangandaman emphasized.

Almost half of the proposed infrastructure budget, or about 43.5 percent, will go to transport-related facilities such as Road Networks. This has an allocation of P463.25 billion or 32.68 percent of the proposed total budget for infrastructure.

Also, Railway Systems will get a P153.5-billion budget, which is P113.4 billion or 283 percent higher compared to its P40.1 billion allotment in the FY 2023 General Appropriations Act (GAA).

As a proactive measure to mitigate damages during calamities, the allocation for Flood Control Systems gets P255 billion or 18 percent of the Build Better More program.

In addition, investments in social infrastructure include provisions for school buildings at P40.6 billion; hospitals and health centers at P15.31 billion; and housing and community facilities at P2.12 billion.

These will necessitate allocations for water supply systems worth P5.43 billion, along with adequate sanitation facilities and power supply systems for P3.58 billion, including households and State Universities and Colleges (SUCs) among others, nationwide.

The Build Better More program includes the Public Sector Infrastructure budget of the Department of Transportation (DOTr) at P176.4 billion, and the Department of Public Works and Highways (DPWH) at P801.2 billion.

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