Business World

INFRASTRUC­TURE

- Elijah Joseph C. Tubayan

inefficien­t, and opaque budgeting system that has hindered the government for decades. The problems of our budgeting system are encapsulat­ed with recent experience­s of underspend­ing, defined as the deviation of actual spending from program spending, leading to a slowdown in the delivery of public services and implementa­tion and completion of projects,” Mr. Diokno said.

About three-fourths of the 36 Organizati­on for Economic Co-operation and Developmen­t high-income member countries already use cash-based budgets.

The DBM seeks to institutio­nalize the budget through the Budget Reform Bill to have it in effect in every administra­tion.

The government also remains focused on bridging the infrastruc­ture gap and fast-tracking projects further to complete as much during Mr. Duterte’s term, Mr. Diokno said.

Among large-scale projects that the government will begin constructi­on in 2019 include: the Metro Manila Subway Project Phase 1 (Quirino Highway-North Avenue), the Philippine National Railways (PNR) North 2 (Malolos-Clark); PNR South Commuter Line (Tutuban-Calamba); PNR South Long Haul (Manila-Bicol); the Cavite Industrial Area Flood Management Project; SubicClark Railway Project; AmbalSinua­y River and Rio Grande de Mindanao River Flood Control Projects, and the Mindanao Rail Project Phase 1 (Tagum Davao Digos Segment).

“Infrastruc­ture projects follow an ‘S curve.’ There is some gestation period with the feasibilit­y studies, detailed engineerin­g design, and the other stages of project preparatio­n. Progress accelerate­s afterwards with constructi­on until the said projects are completed. Finally, the pace of implementa­tion tapers off once it reaches its maximum pace,” said Mr. Diokno. —

Newspapers in English

Newspapers from Philippines