{"id":15261,"date":"2025-08-22T03:53:31","date_gmt":"2025-08-22T01:53:31","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=15261"},"modified":"2025-08-22T03:53:31","modified_gmt":"2025-08-22T01:53:31","slug":"june-sees-a-surge-in-infrastructure-investment","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/08\/22\/june-sees-a-surge-in-infrastructure-investment\/","title":{"rendered":"June Sees a Surge in Infrastructure Investment"},"content":{"rendered":"\n<p class=\"p2\"><span class=\"s1\">STATE OUTLAYS on infrastruc<\/span><span class=\"s2\">ture<\/span><span class=\"s3\"> rebounded in June, as <\/span><span class=\"s2\">expenditures for public works initiatives started again following the elec<\/span>tion prohibition being lifted in early May, <span class=\"s3\">the Department of Budget and <\/span>Management (DBM) reported.<\/p>\n<p class=\"p3\"><span class=\"s1\">In its most recent disbursement update on Thursday, the DBM disclosed that spending on infrastructure and other capital expenses rose by 6.5% to P148.8 billion in June from P139.7 billion <\/span><span class=\"s2\">during the same month last year. <\/span><\/p>\n<p class=\"p3\">Month over month, it grew by 20.2% from P123.8 billion.<\/p>\n<p class=\"p3\">This occurred after May experienced a year-on-year 9.2% reduction.<\/p>\n<p class=\"p3\"><span class=\"s4\">\u201cThis was primarily linked to the recovery in the DPWH\u2019s (Department of Public Works and Highways) expenditure performance after a two-month downturn in April and May<\/span><span class=\"s1\"> amid the election ban,\u201d it stated. <\/span><\/p>\n<p class=\"p3\"><span class=\"s2\">The Commission on Elec<\/span>tions\u2019 45-day prohibition on public works expenditures initiated on March 28 and concluded with the elections on May 12.<\/p>\n<p class=\"p3\">In June, the DPWH resumed payments for mobilization charges and advanced payments for newly awarded initiatives. It also resolved outstanding commitments from prior years.<\/p>\n<p class=\"p3\">However, the DBM remarked that the speed of infrastructure expenditures was moderated by base effects from considerable allocations for the Department of National Defense\u2019s Revised Armed Forces of the Philippines Modernization Program in June of the previous year.<\/p>\n<p class=\"p3\">The Philippines has been enhancing its military capabilities under the $35-billion modernization initiative since 2012, in response to escalating tensions in the South China Sea.<\/p>\n<p class=\"p3\"><span class=\"s1\">The DBM indicated that substantial disbursements for infrastructure are anticipated in the latter half of the year. <\/span><\/p>\n<p class=\"p3\">Budget Secretary Amenah F. Pangandaman previously stated that disbursements are expected to accelerate towards late May to June following the end of the 45-day election prohibition.<\/p>\n<p class=\"p3\">Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort remarked that heightened infrastructure spending is essential for economic advancement.<\/p>\n<p class=\"p3\">\u201c(This will lead to) more inclusive economic growth and progress, as improved infrastructure enhances the economy\u2019s productivity and helps draw in more international tourists and foreign investments\/locations,\u201d Mr. Ricafort communicated via a Viber message on Thursday.<\/p>\n<p class=\"p3\">For the first half of 2025, total infrastructure and capital outlay disbursements rose by 1.4% to P620.2 billion from P611.8 billion in the same timeframe last year.<\/p>\n<p class=\"p3\">This was 0.1% or P800 million below the P621-billion objective for the first semester.<\/p>\n<p class=\"p3\">\u201cAlthough infrastructure outlays recorded a significant 20.8% (P45-billion) annual growth in the first quarter of this year, it faced a contraction of 9.3% (P36.6 billion) in the second quarter due to the election-related restrictions on public spending that lasted through all of April and the first two weeks of May,\u201d the DBM noted.<\/p>\n<p class=\"p3\">Simultaneously, overall infrastructure disbursements, which encompass the infrastructure components of subsidies or equity to government corporations and transfers to local government units, remained nearly unchanged at P720.3 billion in the January-to-June duration from P720.5 billion a year prior.<\/p>\n<p class=\"p3\">It also surpassed the total infrastructure spending target of P718 billion for the initial half by 0.3%.<\/p>\n<p class=\"p3\">The DBM stated that the growth in infrastructure transfers to local government units, particularly their development funds equivalent to 20% of the National Tax Allotment, was balanced out by a decrease in National Government-implemented infrastructure projects and reduced subsidies to state bodies, such as the National Irrigation Administration (NIA).<\/p>\n<p class=\"p3\">Subsidies allocated to state-owned enterprises amounted to P7.45 billion in June, a decline of 26.68% from P10.16 billion a year prior.<\/p>\n<p class=\"p3\">Budgetary support to the NIA plunged by 68.21% in June to P2.39 billion from P7.52 billion during the same period in 2024.<\/p>\n<p class=\"p3\">\u201cNonetheless, total infrastructure spending for the first half was recorded at 5.3% of GDP (gross domestic product), in line with the 5.3% full-year target for this year,\u201d it added.<\/p>\n<p class=\"p3\">According to the 2026 Budget of Expenditures and Sources, the government has set its full-year infrastructure spending plan at P1.51 trillion, corresponding to 5.3% of the GDP.<\/p>\n<p class=\"p3\">In the upcoming months, the DBM indicated that government agencies are expected to escalate requests for the release of funds for their programs, activities, and projects in the second half as implementation activities normalize following the election prohibition.<\/p>\n<p class=\"p3\">\u201cThese may also involve unspent cash allocations from the second quarter that agencies can still request in the second half so they can facilitate payments and make disbursements to suppliers or contractors for goods delivered or services rendered,\u201d it stated.<\/p>\n<p class=\"p3\"><span class=\"s1\">Among the expected spending catalysts for the upcoming months are progress billings from numerous completed or partially finished road and transport infrastructure initiatives, as well as allocations for the defense modernization program. <\/span><\/p>\n<p class=\"p3\">\u201cIncreased infrastructure spending at around 5%-6% of GDP in the coming years, as observed in recent years, would likely lead to sustained growth in infrastructure expenditures,\u201d Mr. Ricafort concluded. \u2014 <b>Aubrey Rose A. Inosante <\/b><\/p>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bworldonline.com\/top-stories\/2025\/08\/22\/693066\/infrastructure-spending-rebounds-in-june\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>STATE OUTLAYS on infrastructure rebounded in June, as expenditures for public works initiatives started again following the election prohibition being lifted in early May, the Department of Budget and Management (DBM) reported. In its most recent disbursement update on Thursday, the DBM disclosed that spending on infrastructure and other capital expenses rose by 6.5% to<\/p>\n","protected":false},"author":3,"featured_media":15262,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[3381],"class_list":["post-15261","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy-and-markets","tag-return-a-list-of-comma-separated-tags-from-this-title-infrastructure-spending-rebounds-in-june"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>June Sees a Surge in Infrastructure Investment - WSJ-Crypto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wsj-crypto.com\/index.php\/2025\/08\/22\/june-sees-a-surge-in-infrastructure-investment\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"June Sees a Surge in Infrastructure Investment - WSJ-Crypto\" \/>\n<meta property=\"og:description\" content=\"STATE OUTLAYS on infrastructure rebounded in June, as expenditures for public works initiatives started again following the election prohibition being lifted in early May, the Department of Budget and Management (DBM) reported. 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