“Solving the infrastructure deficit, however, is not merely a financial problem,” Pantheon Macroeconomics said in a commentary.Citing data from the Department of Public Works and Highways itself, the research firm noted that disbursements fall far short of budgeted amounts by roughly 40 percent to 60 percent.
Also, Pantheon Macroeconomics expects a decrease in funds toward development projects in the short term.This is partly due to the MIF being seed funded with revenues from government financial institutions and the national coffers, the latter being ultimately a part of the national budget.
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