Government spends P605 B for infra in 2016

Government spends P605 B for infra in...

11 April, 2017 at 14:30

The government spent P605.5 billion on infrastructure in 2016, up from the 2015 spending but still below target due to procurement problems, the Department of Budget and Management (DBM) reported.

GDP*, 2015	5.9% y-o-y growth
GDP*, 2016	6.8% y-o-y growth
GDP Per Capita, 2016f	$3,569
Exports**, 2015	$58.83 billion (revised)
Exports**, 2016	$56.23 billion (preliminary)
FDI Inflows, 2015	$5.8B (revised)
FDI Inflows, Jan-Dec 2016	$7.9B
Poverty Incidence, % of Pop, 2015	21.6%
Population, 2017	103.8 million
Income Classification (WB)	Lower Middle Income
*in constant 2000 prices
**in current prices

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