Presidential Communications Operations Office



  PIA Bldg, Visayas Ave, Diliman, Quezon City, Philippines
  Monday, 4 July 2022 News Before 1 Feb 2012. Click for Latest
Web PIA  
 
home
 
about
 
fotos
 
info
 
links
 
ncrr01carr02r03calmimr05r06r07r08r09r10r11r12r13
 << July 2022 >> 
S M T W T F S
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31
Special News Editions:
English.Tagalog.Cebuano
Ilocano.Waray.Hiligaynon
Pangasinan.Other
PIA Specials:
NEW! Cabinet Officials
Jobs.Slides.Specials.Ads. Events.ASEAN.Multimedia
Visitors since 15 Feb 2011:
PIA News Archive:
English.Tagalog.Cebuano
Waray.Hiligaynon.Ilocano
Pangasinan.All
PIA Archive News Reader

PIA Press Release
2007/06/19

Gov't expects to raise P6.54 trillion until 2010

By Rose B. Palacio

Davao City (19 June) -- Based on the Medium-Term Philippine Investment Plan (MTPIP), the national government expects to raise a total of P6.54-trillion until 2010.

Finance Secretary Gary Teves said about twenty percent of the amount of P1.3-trillion might be used for government capital expenditures.

Projects as outlined by President Gloria Macapagal-Arroyo in her Sate of the Nation Address (SONA) based on the Medium-Term Philippine Investment Plan (MTPIP) would require about P372 billion or 28.6 percent of the total spending allocation for government projects for the medium term.

"This means that the government would have adequate funds for the SONA projects," Teves said.

The Finance chief said the local government units and other sectors are also participating in implementing the SONA projects. The local government units are allocating P1.3 billion; government-owned and controlled corporations (GOCCs), P116 billion; and the private sector, P68.4 billion.

"This leaves a total P186.3 billion for funding by the National Government," the Finance official said.

"We are sharing this task of investing for our future not only with the local government and state-owned corporations but also with the private sector that also have a stake in the development of this nation," Teves said.

Major areas of investment include: P180 billion for railways; P101 billion for roads; P43 billion for airports; P15.8 billion for seaports; P12.6 billion for irrigation and P5 billion for bridges, while P13.5 billion will be earmarked for other projects.

"We look forward to working closely with the private sector to identify the most cost-efficient and effective ways to undertake these projects," he said. (PIA XI) [top]

|«  prev  next  »|
DAILY NEWS LIST:
»Gov't expects to raise P6.54 trillion until 2010
»Feature: Illegal recruitment a perennial problem
»Mindanao-wide gab set for industry players in shipping
»Gov't links Pinoy suppliers to NZ health food company
»Davao re-engineering plan seen to benefit employees
»Military to get into greening activity
»4th Mango Marketing Confab set June 21-22
»It's wrong to jail children in conflict with law, says expert
»Komentaryo: Kaya ng gobyerno na magpondo para sa infra projects
»Free kidney check at NKTI
|«  prev  next  »|

Philippine Official Gazette | Office of the President | Presidential Communications Operations Office
For comments and feedback, please email PIA Newsdesk
Copyright © 2005 Philippine Information Agency
PIA Building, Visayas Avenue, Diliman, Quezon City 1101 Philippines