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Maintain disbursements at above 20% GDP

SECTOR: Economy SONA YEAR: 2022 Maintain disbursements at above 20% GDP PROMISE STATUS - DATE: In progress as of 07/17/2023 By December 2022, the national government spending stood at P5.16 trillion, which is 23.4% of GDP. As of April 2023, BSP reported that disbursements reached P1.46 trillion or 19.5% of GDP. The Department of Budget

By vfadmin

Jul 4, 2024

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SECTOR: Economy

SONA YEAR: 2022

Maintain disbursements at above 20% GDP

PROMISE STATUS - DATE: In progress as of 07/17/2023

  • By December 2022, the national government spending stood at P5.16 trillion, which is 23.4% of GDP. As of April 2023, BSP reported that disbursements reached P1.46 trillion or 19.5% of GDP. The Department of Budget and Management (DBM) noted that this is 1.3% or about P19.2 billion more than the disbursements for the same period in 2022.
  • The biggest expenses for the first quarter of 2023 were recorded in infrastructure and other capital outlays. This includes an “accelerated implementation of various infrastructure projects” as well as “direct payments made by development partners” for foreign-assisted rail projects of the Department of Transportation, according to DBM.

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