Stimulus budget at P3.6bn so far

The programme, which is expected to run for a three-year period until 2019, has seen P1.4 billion budgeted for the 2015/2016 financial year under a fast track programme, while a further P2.2 billion has been allocated for the 2016/2017 financial year.

Secretary for Economic and Financial Policy, Taufila Nyamadzabo told BusinessWeek that from the P1.4 billion allocated for the current financial year, most of the funds have not been spent as projects had to go through the normal tendering processes before implementation.