‍MANILA — President Ferdinand Marcos Jr. said the government is moving to accelerate public spending after delays in infrastructure projects slowed economic activity and affected job creation.

Speaking after his participation in the 18th BRICS Summit in New Delhi, India, Marcos said government spending is expected to catch up within the next few months as delayed projects move forward.

“We will be current in public spending in the next couple of months,” Marcos said.

The President attributed the slowdown mainly to the review of Department of Public Works and Highways contracts following allegations of irregularities involving infrastructure projects, particularly flood control projects.

Marcos said the government had to inspect existing contracts before proceeding with new projects, resulting in delays in bidding and implementation.

According to the President, the slowdown in public infrastructure spending also affected employment because fewer projects meant fewer jobs and less economic activity.

He said the government is now working to speed up project implementation while completing the necessary reviews.

The acceleration of public spending is intended to support economic growth, generate employment and help sustain economic activity amid continuing global uncertainties.

Marcos said infrastructure projects remain an important part of government efforts to stimulate the economy, but emphasized that project implementation must also undergo proper scrutiny following concerns over questionable contracts.

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