Agenda, the Department of Budget and Management has set aside an indicative budget in the 2023 General Appropriations Act (GAA), some P976.5 billion shall be allocated to infrastructure development through the “Build, Better, More” Program, with the Department of Public Works and Highways (DPWH) and Department of Transportation (DOTr) receiving P894.2 billion and P82.3 billion, respectively, to reduce transport and logistics cost.
The 8-point socio-economic agenda of the Administration also aims to create jobs by promoting investments, improving infrastructure, and ensuring energy security, among others; as well as to create quality jobs by increasing employability, encouraging research and development and innovation, and enhancing the digital economy;
Meanwhile, the administration is also tapping the private sector through a Public-Private Partnership (PPP) to realize the thrust to hasten the realization of its goal. Hence, it encourages private sector engagement and investment for the benefit of the public above all. It also provides legal and regulatory support to public-private partnerships. (JBG/Lljr/PIA6 Negros Occidental)