Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >> Philippinesd>>Economy>>Gov’t spending 14.7% short of Q3 target
NEWS UPDATES Asean Affairs    October  30,  2017  








Gov’t spending 14.7% short of Q3 target

Government spending in the third quarter of the year was 14.7 percent below what was programmed for the period largely due to lower-than-expected administrative expenditures, the Department of Budget and Management said on Thursday.

Data from the DBM showed the national government disbursements in July to September reached P683.7 billion, reflecting a shortfall of 14.7 percent or P117.4 billion compared with P801.1 billion on program.

The DBM attributed the shortfall to lower-than-expected personnel services expenditures, delays affecting the timing and processing of payments, postponement of the Sangguniang Kabataan and the Barangay Elections, and savings from interest payments and net lending in light of repayments by the Power Sector Assets and Liabilities Management Corp.

Actual disbursements in the third quarter, however, increased by P45 billion or 7 percent from the same period last year on the back of ramped up spending in infrastructure.

Infrastructure and other capital outlays reached P142.1 billion, up 15.4 percent or P18.9 billion higher year-on-year.

"The growth is faster when compared with the 12.2 percent and 5.9 percent expansion recorded in first and second quarter, respectively, as a result of faster project implementation by the Department of Public Works and Highways," the DBM said.

"We will continue to exert our best efforts to reach our full-year target of P2.909 trillion," Budget Secretary Benjamin Diokno said.

Year-to-date, government spending reached P2.014 trillion—short of the P2.138 trillion on program by 5.8 percent or P123.3 billion.

"Disbursements are expected to pick up in the fourth quarter, anticipating further increases in infrastructure and other capital outlays; maintenance expenditures from operating expenses of the DepEd and the DSWD; and personnel services, in view of the release of the year-end bonus and cash gift, pension and retirement benefits, as well as performance-based bonus for some agencies whose validation are currently ongoing," the DBM said.

For the first nine months of the year, disbursements grew by 8.3 percent or P154.1 billion higher than the P1.860-trillion posted a year earlier.

"The growth is credited to higher personnel services expense, huge infrastructure and other capital spending, and substantial transfers to local government units," the DBM said. — Ted Cordero/VDS, GMA News

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below



  Today's  Stories                         October 30, 2017
• Singapore’s 2018 economic growth likely to 'moderate' from this year: MAS Subcribe: Asean Affairs Global Magazine
• Jack Ma's comment on state of PHL internet a wake-up call for telcos —PCC Subsribe Now !
FPT’s nine-month profit-before-tax increases by 15%
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Japan confirms it will fund national election amid political crackdown
• Gov’t spending 14.7% short of Q3 target
Asean Analysis                  October 27,  2017
• Asean Analysis October 27, 2017
Southeast Asia from Scott Circle: Indonesian Presidential Politics Begins to Heat Up 18 Months before Elections
Advertise Your Brand

Asean Stock Watch   October 19,  2017

• Asean Stock Watch-October 19, 2017
The Biweekly Update
• The Biweekly Update  October 27, 2017

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com