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Philippine infrastructure spending slumps in September
Government infrastructure spending fell for a third consecutive month in September, declining by 42.6% to P78.7 billion from P137.1 billion in the same month last year.
The Department of Budget and Management (DBM) attributed the slowdown to delays in contractor billings due to ongoing inspections by the Department of Public Works and Highways (DPWH).
Adverse weather conditions also contributed to the decline, impacting project implementation and the processing of payment claims.
President Ferdinand R. Marcos, Jr. had flagged anomalous flood control projects in July, sparking investigations into alleged corruption involving lawmakers, government officials, and private contractors.
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