THE National Economic and Development Authority and the Government Procurement Policy Board will assist agencies in speeding up their planning and procurement to ramp up state spending and remove a major hurdle to sustained growth.
He said the agency collaboration and acceleration of public spending are crucial to meeting the growth targets for 2015 and 2016 from 7 percent to 8 percent.
He said that, although the Aquino administration is accelerating public spending beginning this year, government agencies and departments face major concerns in planning and procurement.
Abad said heads of key agencies and departments are expected to prepare their documentary requirements for fund releases before the end of February.