Philippines Infrastructure Spending Plummets Amid DPWH Budget Execution Delays
Philippine government infrastructure spending plunged 51.7% year-on-year in April, marking the fifth consecutive month of decline. Delays in budget execution and stringent payment validations by the Department of Public Works and Highways (DPWH) are cited as primary reasons. While defense modernization and railway projects provided some support, the overall downturn is significant.
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