MANILA, Philippines — The government was working to meet its infrastructure target spending of 4.3 percent of gross domestic product (GDP) for this year, the Department of Budget and Management (DBM) said Tuesday.
In a press conference in Malacañang, Acting Budget Secretary Rolando Toledo expressed confidence there would be no delays nor derailment in the infrastructure projects because there were no ghost projects in the 2026 national budget.
"Based on the approved GAA (General Appropriations Act ), we're looking at achieving our infrastructure target as percent of GDP, at 4.3 percent and even at a nominal level, that is equivalent to P1.3 trillion which is based on the GAA," Toledo said.
"As much as possible, we want to increase further, moving forward in the medium term so we want to increase investment in terms of our infrastructure project. But for 2026, this is equivalent to 4.3 percent of GDP," he added.
