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MANILA, Philippines — Signs of a turnaround in the Marcos administration’s infrastructure spending were still elusive in May, nearly a year after it began to slide, as tighter oversight continued to delay payments for public works projects.
Latest data from the Department of Budget and Management (DBM) showed infrastructure and other capital outlays fell 35.3 percent to P80.1 billion in May from P123.8 billion in the same month last year, marking the 11th consecutive month of year-on-year declines.
READ: PH infrastructure spending remained weak in April
“The year-on-year decline primarily reflects the implementation of strengthened review, audit, and validation procedures for infrastructure payment claims, as well as documentary compliance requirements for contractors,” the DBM said.
