Albay 2nd district Rep. Joey Salceda, has proposed a “Build, Build More” infrastructure program for the Marcos administration that would amount to some P2.25 trillion in spending by the end of the President’s term.
The infrastructure program, filed through House Joint Resolution No. 6, is said to be bigger than the former President Rodrigo Duterte’s flagship infrastructure program called “Build, Build, Build.”
He said the program will form part of the country’s National Infrastructure Development Framework, which will set a minimum annual infrastructure spending target that is expected to reach P2.25 trillion by 2028, the end of the Marcos administration. The infrastructure program aims “to generate infrastructure assets that are superior in quality and durability; to promote a balance in the allocation of infrastructure projects between high-growth-potential regions and regions lagging behind in economic growth; to be fiscally sustainable, funded in a manner that will yield the highest socioeconomic benefits at the lowest fiscal cost to government, consistent with a medium-term fiscal framework to be formulated by the national government”.
He added that he will soon meet with Leyte 1st district Rep. Martin Romualdez–believed to be a shoo-in for the House Speakership in the 19th Congress, to discuss the proposed medium-term fiscal plan and to meet with the economic managers.
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