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Investments for infrastructure projects are equitably distributed in all regions in the medium term, demonstrating the administration's desire to boost regional development, according to the National Agency for Economy and Development (NEDA). ) 2017-2022, which contains the list of priority programs and projects of the government, the investment needs of each region depend on the areas of impact in proportion to its population.
Based on PIP investments and regional gross domestic product (GRDP) in each region, the national average of PIP investments in GRDP is 6.28%, the Autonomous Regions of Muslim Mindanao (ARMM), Bicol and Caraga having the highest ratio of infrastructure investment in GDRP to 17.51%, 14.59% and 12.48%, respectively.
"This means that despite the decline in economic activities, the lagging regions are still getting the necessary public investment." Ernesto M. Pernia said: "Although Mega Urban-Industrial regions like the region from the national capital, CALABARZON (Cavite, Batangas, Rizal, and Quezon), and Central Luzon contributes the largest share of the Philippine economy, the government, through the PIP, guarantees that investments infrastructure are not concentrated in a few regions.
Pernia added that the regions would benefit from the infrastructure "Build, Build, Build" program
"The final goal of the infrastructure program massive government is to tackle inequality. The country needs a quality infrastructure that will allow regions to be better connected and improve their efficiency and productivity, "he said.
Pernia notes that the projects" Building, Building, Building "will boost economic activities and stimulate growth.] Of the 4,490 PIP projects, 4,321 are region-specific, with the ARMM having one-third of the region's total projects in the region. 340.
All PIP projects are well aligned with the National Space Strategy, which anticipates future growth based on population, economic activity and service trends. (PR)
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