'Golden age' of infrastructure under Duterte: budget chief | ABS-CBN

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'Golden age' of infrastructure under Duterte: budget chief
'Golden age' of infrastructure under Duterte: budget chief
Joel Guinto,
ABS-CBN News
Published Jul 20, 2016 01:39 PM PHT
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Updated Jul 20, 2016 01:41 PM PHT

MANILA - President Rodrigo Duterte will ramp up spending to build more roads, rails and bridges in what is hoped to be a "golden age" of infrastructure, Budget Secretary Benjamin Diokno said on Wednesday.
MANILA - President Rodrigo Duterte will ramp up spending to build more roads, rails and bridges in what is hoped to be a "golden age" of infrastructure, Budget Secretary Benjamin Diokno said on Wednesday.
Duterte plans to spend up to P900 billion on infrastructure in 2017 and raise infrastructure spending to as much as 7 percent of gross domestic product (GDP) within his term, Diokno told the Financial Executives Institute of the Philippines (FINEX).
Duterte plans to spend up to P900 billion on infrastructure in 2017 and raise infrastructure spending to as much as 7 percent of gross domestic product (GDP) within his term, Diokno told the Financial Executives Institute of the Philippines (FINEX).
"The next six years will be the golden age of infrastructure," Diokno said.
"The next six years will be the golden age of infrastructure," Diokno said.
Projects will be rolled out in all regions "simultaneously and not sequentially," he said, adding that public infrastructure have been "neglected for too long" under past governments.
Projects will be rolled out in all regions "simultaneously and not sequentially," he said, adding that public infrastructure have been "neglected for too long" under past governments.
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Duterte will seek a P3.35 trillion budget next year, 11.6 percent higher than the 2016 budget.
Duterte will seek a P3.35 trillion budget next year, 11.6 percent higher than the 2016 budget.
Budget Sec. Diokno to address Financial Executives Institute of the Philippines (Finex) general meeting |@joelguinto pic.twitter.com/li5yPy6EOt
— ABS-CBN News (@ABSCBNNews) July 20, 2016
Budget Sec. Diokno to address Financial Executives Institute of the Philippines (Finex) general meeting |@joelguinto pic.twitter.com/li5yPy6EOt
— ABS-CBN News (@ABSCBNNews) July 20, 2016
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