Infrastructure spending eases in May

Infrastructure spending dropped further in May as it was largely impacted by restrictions imposed during the election period.

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According to the Department of Finance, the ban on disbursements during the elections constrained the rollout and funding of several infrastructure projects.

Infrastructure and other capital outlays fell by 9.2 percent to P123.8 billion in May from P136.4 billion in the same month last year, reflecting a slowdown in government disbursements.

Finance Undersecretary Domini Velasquez attributed the decline to the recently concluded national and local elections, which led to restrained government spending in May.