Philippines: DBM chief reports P18.5 billion procurement savings in 2018

23 Jan 19: The government posted P18.25 billion in terms of procurement savings in 2018, increasing by nearly five-fold from what was recorded a year ago. This was a significant jump from the P3.2 billion worth of procurement savings in 2017. A total of 463 procurement items for both common-use and non-common use supplies, infrastructure projects and consulting services were also completed by the Procurement Service (PS) in 2018, amounting to P198.8 billion, while a total of 215 procurement items were completed by the PS in 2017, amounting to P32.3 billion..