The Philippine Ports Authority (PPA) has posted an 83 percent budget utilization rate in 2022, the highest in the previous years despite the challenges brought by the Covid-19 pandemic. | ManilaBulletin
PPA General Manager Jay Daniel Santiago said the 2022 budget utilization rate is higher compared to 71 percent in 2021 and 62 percent in 2020.
“The 83% rate shows that PPA was able to maximize and implement responsible usage of its corporate budget. I congratulate everyone for continuously working hard and for staying true to our vision of providing quality projects over the years,” said Santiago. Since 2016, PPA recorded an increasing trend in capital expenditures along with the developmental programs and income generating projects that continued even during the height of the pandemic.
“Pursuant to the “Build Better More” directive of the current administration, in PPA we make sure to cut the logistics cost by ensuring that our operations are more efficient. Towards this end, digitalization plays a huge role in providing quality and real-time services to the public”, Santiago said.
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