THE NATIONAL Capital Region (NCR), or Metro Manila, cornered bulk of state spending last year, according to a statement posted Wednesday on the Philippine Statistics Authority-National Statistical Coordination Board (PSA-NSCB) Web site.
PSA-NSCB said NCR got the biggest share of 49.1% of Government Final Consumption Expenditure (GFCE) last year among the country’s 17 regions.
It was followed by the Cavite-Laguna-Batangas-Rizal-Quezon (Calabarzon), Central Luzon and Western Visayas regions that accounted for 5.9%, 5.7% and 4.5%, respectively.
GFCE rose 11.99% to P1.282 trillion last year from P1.145 trillion in 2012, according to separate PSA-NSCB data.
Regions with the lowest shares were the Autonomous Region in Muslim Mindanao (ARMM), Caraga and Cordillera Administrative Region with 1.7%, 1.8% and 1.9%, respectively.
A chart that accompanied the statement showed GFCE growth rates slowing across all regions last year from 2012.
The South Cotabato-Cotabato-Sultan Kudarat-Sarangani-General Santos City (Soccsksargen) region grew the fastest last year at 14%, followed by Calabarzon (13.5%) and Central Luzon (13%), while NCR bared the slowest growth of 3.6%, followed by ARMM’s 5.9%.
Metro Manila got the biggest share of state spending since "economic and business activities are heavily concentrated in the NCR", according to both PSA-NSCB Expenditure Accounts Division Chief Vivian R. Ilarina and University of Asia and the Pacific economist Cid L. Terosa in separate phone interviews on Friday.
source: Businessworld
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