HomeDashboard
SEA AI AnalysisContactAccount
House Eyes Budget Realignment to Boost Infrastructure Spending
Economy

House Eyes Budget Realignment to Boost Infrastructure Spending

The Philippine House of Representatives is considering realigning funds from agencies with low budget utilization to boost infrastructure spending for 2027, particularly for the Department of Public Works and Highways (DPWH). The move aims to stimulate economic activity and create jobs, amidst calls for stringent safeguards following past corruption allegations.

Original source: BusinessWorld NationMore country news

This article requires PRO

This article is outside the free access window or is a special report. PRO unlocks it and the full archive.

View PRO plansLog in

Related articles

  • Philippines Eyes End to Tax Break on Low-Cost Imports

    The Philippine Department of Finance is considering the removal of the tax exemption on imported packages worth less than P10,000, known as the 'de minimis' rule. This move aims to boost government revenue and protect local manufacturers, potentially impacting cross-border e-commerce and consumers.

  • Philippines' Sugar Tax Hike: Doubts Linger Over Health Benefits

    Philippines policymakers are debating whether to tax sugar-sweetened beverages based on sugar content rather than volume. The proposed Progressive Growth, Revenue, and Equity towards Socio-Economic Sustainability (Progress) bill seeks a 233% tax hike, raising questions about its effectiveness in improving public health.

  • APECO to Pitch Energy Infrastructure Contracts in Canada

    The Aurora Pacific Economic Zone and Freeport Authority (APECO) will pitch energy companies in Alberta, Canada, to build power infrastructure for its economic zone. The pitch is set for the Alberta-Philippines Trade & Investment Event in Calgary on November 5.

  • Philippines Seeks IMF Help on Review of De Minimis Import Tax Exemption

    The Philippines' Department of Finance is seeking assistance from the International Monetary Fund (IMF) to review the "de minimis" rule, which exempts low-value imports from taxes. The department faces challenges in estimating revenue due to difficulties in valuing shipments and is cautious about the timing of any potential removal of the exemption.