AS this week’s issue of the Good News shows, the Aquino administration continues to optimize the contribution of public spending to growth despite a slowdown of the global economy.
THE National Government is planning to accelerate existing projects and invest on new projects before the year is over in response to the global economic slowdown, Budget Secretary Florencio B. Abad said last week.
NATIONAL government spending in July, amounting to P133.45 billion, was the highest monthly spending level attained so far this year, Budget Secretary Florencio B. Abad announced earlier this week.
THE Department of Budget and Management has recently released P3.07 billion to the Department of Education (DepEd) for the construction and repair of school buildings, as well as the installation and upgrading of sanitation facilities in schools throughout the country.
THE Department of Budget and Management (DBM) has released P1.75 billion to the Philippine National Police (PNP) as part of its five-year modernization program that will end next year.
BUDGET Secretary Florencio B. Abad last week announced the release of P3.78 billion to the Department of Public Works and Highways (DPWH) on top of its 2011 budget.