President Ferdinand Marcos Jr. says government must spend faster to revive growth, but after the flood-control mess, even he warns that 'throwing money at the problem simply doesn’t solve it'
The Marcos administration is focusing on increasing public spending to revive the Philippine economy, which has been hindered by delays and scrutiny of infrastructure projects.
Despite the push for faster spending, there are concerns about the absorptive capacity of government agencies and contractors, as well as the need to avoid past issues with dubious projects.
The government is also working to manage its fiscal deficit while increasing revenue through stronger tax collections and privatization efforts.
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