Low infra spending in Nov further shrunk total gov’t outlay

MANILA, Philippines —Infrastructure spending sagged in November last year, contributing to the contraction in overall state expenditures in the final quarter of 2023 amid the need to keep the budget deficit within limit. Data released on Friday by the Department of Budget and Management (DBM) showed capital outlays fell 20.4 percent year-on-year to P77.8 billion
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