PBBM proposes bigger budget for infra, agri projects in 2024
PBBM proposes bigger budget for infra, agri projects in 2024
PBBM proposes bigger budget for infra, agri projects in 2024
by Daylight Abas02 August 2023
Photo courtesy: Presidential Communications Office

President Ferdinand Marcos Jr. wants to enhance financing for his administration's infrastructure and agriculture initiatives next year, according to the Department of Budget and Management's (DBM) 2024 spending plan.

Marcos earlier said that the "Build Better, More" program would focus on social infrastructure under the 2024 National Expenditure Program (NEP).

He further stated that the National Economic Development Authority (NEDA) Board of Directors approved 194 high-impact infrastructure flagship projects (IFPs) spanning public transportation, power, health, information technology, water resources, and agriculture, 123 of which were initiated during this administration.

To ensure an inclusive economic transformation, the President noted that "a total of P40.6 billion has been allotted for the construction or improvement of public school buildings, including efforts to make these disaster-resilient, while P15.3 billion has been allocated for the construction, repair, and/or improvement of public hospitals and health centers nationwide."

P5.3 billion has been budgeted for the PAMANA Program, which will be executed by the Office of the Presidential Adviser on Peace, Reconciliation, and Unity (OPAPRU) to promote peace and economic growth in the Bangsamoro region.

According to Marcos, the DOTr budget has been increased from P106.0 billion in the FY 2023 GAA to P214.3 billion in 2024, citing the urgent need to expand public transportation and alleviate road congestion.

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