Manila Bulletin

DOF maintains...

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tion “ramped-up” investment­s in infrastruc­ture, social protection as well as increased disburseme­nts in personal services (PS).

According to the treasury, PS jumped last year following the implementa­tion of salary increases for civilian and military, including uniformed personnel.

The treasury also added that the government hired additional teachers for the Department of Education last year, which also boosted the government’s PSA expenses.

Budget Secretary Benjamin E. Diokno also shrugged off the accelerate­d spending, noting the government recorded an “impressive” infrastruc­ture disburseme­nts last year, which is now seen to be twice the fiscal deficit-to-GDP ritio.

According to Diokno, the budget deficit has averaged 2.7 percent of GDP in the first two years of the Duterte administra­tion, but its infrastruc­ture outlays are projected to hit 6.3 percent.

“This means that the country’s borrowings are financing worthwhile infrastruc­ture investment­s that the Filipino people can look forward to enjoying,” Diokno said. “The fiscal numbers reflect our seriousnes­s in closing the country’s infrastruc­ture gap.”

“Filipinos may really look forward to better roads, comfortabl­e mass transport systems like trains and modern public utility vehicles (PUV), among other infrastruc­ture initiative­s. The data support

the eye test, with so many constructi­on projects going on around the country,” he added.

Based on historical data provided by the Department of Budget and Management (DBM), Diokno noted that infrastruc­ture spending as percent of GDP was not a priority of previous administra­tions.

The DBM cited that the ratio hit 3.0 percent under the Aquino administra­tion, 1.6 percent during the Arroyo government, 1.8 percent under former President Joseph Estrada’s term, and 1.7 percent under President Fidel Ramos’ leadership.

The Duterte administra­tion has turned the ratio around by investing an estimated 6.3 percent of GDP for public infrastruc­ture in 2017 and 2018, the budget chief said.

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