The government has marginally jacked up the planned capital investment to P785.5 billion this year.
The World Bank observed that the efficiency of road, power and water facilities in the Philippines was lagging behind that of its rivals.
Last July 28, the Cabinet-level Growth Budget Coordination Committee (DBCC) approved a 2020 public works plan equal to 4.2 percent of nominal gross domestic product ( GDP) by ad referendum. In addition, it expected to cross P18.9 trillion by yearend.
DBCC Program Focused on Infrastructure
The new program is higher than the P775.1 billion. It was from DBCC program in May. But, it was lower than actual expenditures on infrastructure last year amounting to P1.05 trillion.
For 2021, P1.12 trillion or 5.4 percent of GDP will be set aside for the infrastructure program.
It included disbursements for national government infrastructure, infrastructure subsidy and equity to state-run corporations. Morevover, it was as well as transfers to local government units for their infrastructure projects.
In addition, the Department of Budget and Management said included payables from the current year’s budget and prior years’ obligations.
The revised infrastructure plan for 2021 is nevertheless below last May ‘s estimated sum of P1.18 trillion.
The World Bank Showed the Fact
The World Bank based in Washington said in a study that road-quality assessments in the Philippines have indicated that road network quality has been viewed as very poor.
“Manila, in particular, is challenged by heavy congestion. Although surface conditions have improved, more than one in four roads has a poor surface condition. It was largely attributable to under-investment and lack of maintenance, especially in rural areas.”
The report was according to the World Bank report titled “Infrastructure in Asia and the Pacific: Road Transport, Electricity, and Water and Sanitation Services in East Asia, South Asia and the Pacific Islands.”
The research is the first systematic stocktaking of quality of infrastructure. In addition, there were supply rates and availability of services in the country by the World Bank.
As for power, the World Bank said “while access is widespread and the losses are low, per capita energy use in the Philippines is still very poor.”