Duterte government increases projects.
THE Duterte administration has increased to 9,816 the number of priority programmes and projects worth 10.9 trillion pesos ($208.8 billion) it intends to roll out within its six-year term to sustain strong economic growth and ultimately slash the poverty rate by 2022.
The latest updated 2017-2022 Public Investment Program (PIP) submitted by the National Economic and Development Authority (Neda) to the Department of Budget and Management (DBM) and both houses of Congress on March 28 showed that the number of priority programmes and projects was higher than the 582 worth 7.8 trillion pesos as of September.
The smaller number of projects in the September 2018 version of the PIP was because only 'major priority' projects with project cost of one billion pesos and above were included in the list.
Under the updated PIP as of March, the government wanted to spend 7.4 trillion pesos on 7,807 priority projects that will accelerate infrastructure development, as mandated under the medium-term socioeconomic blueprint Philippine Development Plan (PDP) 2017-2022.
The investment requirement for infrastructure alone accounted for more than two-thirds of the total investment targets for the six-year period.
For next year, the government is looking to spend more than 1.9 trillion pesos on infrastructure, the bulk of the 2.8-trillion-peso total investment target under the PIP for next year.
To fast-track human capital development, the government plans to invest 1.1 trillion pesos between 2017 and 2022 while it has programmed 609.1 billion pesos on programmes and projects aimed at reducing the vulnerability of individuals and families.
The updated 2017-2022 PIP showed that the 818 priority programmes and projects with a nationwide scope amounted 6.5 trillion pesos or nearly 60 per cent of the total investment targets.
In terms of number of projects, 8,684 worth 2.7 trillion pesos are region-specific, mainly to be hosted in the National Capital Region (900 projects worth 905 billion pesos), Davao region (397 projects worth 331.2 billion pesos), and Central Luzon (498 projects worth 222.3 billion pesos).
Meanwhile, 314 interregional projects amounting to 1.7 trillion pesos will also be rolled out until 2022.
Next year, the government is planning to implement 1.3 trillion pesos in nationwide projects, 953.3 billion pesos in region-specific projects and 531.7 billion pesos in interregional projects.
According to Neda, 9,565 priority programmes and projects under the 2017-2022 PIP will be funded by the national budget and implemented through the traditional mode of procurement under Republic Act (RA) No 9184 or the Government Procurement Reform Act.
Official development assistance (ODA) will finance 205 priority projects, while public-private partnership (PPP) and joint ventures will be the source of financing for 46 projects.
The PDP 2017-2022 aims to reduce the number of poor Filipinos to 14 per cent of the population by the time President Duterte steps down from office.
The poverty incidence rate stood at 21.6 per cent in 2015 and the Duterte administration targets to cut it by more than seven per cent through its 10-point socioeconomic agenda.
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|Publication:||The Phnom Penh Post (Phnom Penh, Cambodia)|
|Date:||Apr 5, 2019|
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