Govt investments-to-GDP hits 5.4% in 2018
Credit to Author: The Manila Times| Date: Wed, 10 Apr 2019 06:06:47 +0000
NATIONAL government investments surged last year on the back of stringent project evaluations, the Department of Finance (DoF) said.
Public investments last year surged to P940.4 billion, equivalent to 5.4 percent of the country’s gross domestic product (GDP)—the highest in the country’s history, the DoF said in an economic bulletin released on Wednesday.
In 2017, national government’s investment was recorded at P685.3 billion or 4.34 percent of GDP.
“Stringent public investment evaluation, open and transparent procurement and implementation-ready prioritization have increased the efficiency of projects,” the Finance department said. MAYVELIN U. CARABALLO
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