Infrastructure spending likely picked up pace in March, as agencies sought to fast-track projects before the end of the first quarter and ahead of the election ban on public works, analysts said. READ:
Data from the Budget department showed infrastructure spending declined by 16.3% to P19 billion year on year in February.
The election ban on public works began on March 25, and will run for 45 days until May 8, a day before the national elections. The law, which also prohibits social welfare dole-outs, seeks to prevent politicians from using state resources for their election campaign.f“I believe the dip was due largely to timing issues that helped boost last year’s numbers more than anything,” he said.
“We could see infrastructure spending continue as ongoing projects resume after the elections,” Mr. Mapa said.However, Mr. Mapa said that infrastructure spending may face challenges in the long term, adding that the next administration would be hampered by budgetary limitations, considering the current high level of debt.
“The new president will have [their] hands full with carefully navigating a challenging global landscape while being saddled with ascal handicap,” Mr. Mapa added. “As such, infrastructure spending, outside the continuation of ongoing projects, may face headwinds.”
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