3-Year plan ensures hitting PH infra target – NEDA

- reinstitution of the three-year rolling the national budget process starting 2017 ensures that the government’s target for increased investment in public infrastructure will be met.

Public infrastructure spending is targeted by the government to reach 5 percent of gross domestic product (GDP) in 2016 from 2 percent in 2012.

However, latest government data showed that as of the third quarter of last year, infrastructure expenditures accounted for only 2.55 percent of GDP.

ensure that the hard budget ceilings of government agencies are optimized and utilized in funding infrastructure programs that are responsive to the priorities and strategies in the Philippine Development Plan.

“More importantly, it will see to it that the government’s target for increased investment in public infrastructure is met,” Socioeconomic - ra said in a statement on Wednesday.

The agency explained that the - prehensive and Integrated Infrastructure Program (CIIP), which is a consolidated list of all infrastructure programs of the government, only on immediate priorities to be undertaken in three-year periods.

use of public resources for infrastructure development by assuring fund allocation for well-developed and readily-implementable projects

director general, said the multiyear rolling program for infrastructure will assure us that once an infrastructure program has been planned, and it is rolled out, it is going to continue to receive funding from the government.

“This is one of our efforts to synchronize and tighten the link between the programming and budgeting functions of the government for infrastructure projects and programs,” he said

explained that agencies have been submitting projects for inclusion in the Public Investment Program (PIP) and the CIIP.

Infrastructure Committee (Infra - that the program will be incorporated in the budget process for the

- ment will be able to address gaps in the infrastructure sector including pending projects from previous years, some which are 4,710 kilometers of national roads that need to be paved, 366,014 units of socialized housing that are up for construction, and 1.2 million hectares for irrigation.

Once implemented, government agencies will submit their respective three-year infrastructure programs for the review and compilation of

will then be submitted to the Department of Budget and Management to determine program spending levels and indicative budget updated annually, will be the basis for the list of programs, activities,