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Corruption Probe Hits Philippines' Flood Control Funding Hard

3/10/2026

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Summary

Story summary

The investigation into allegedly corrupt flood-control projects in the Philippines is affecting public finances and infrastructure spending.
In 2025, the budget deficit rose 4.68% to 1.58 trillion pesos (US$26.5 billion), exceeding the previous year's record.
Analysts say the investigation is affecting government spending and investor confidence, with evacuations due to flooding in Iligan, Lanao del Norte signaling the impact.

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Story summary

The investigation into allegedly corrupt flood-control projects in the Philippines is affecting public finances and infrastructure spending.
In 2025, the budget deficit rose 4.68% to 1.58 trillion pesos (US$26.5 billion), exceeding the previous year's record.
Analysts say the investigation is affecting government spending and investor confidence, with evacuations due to flooding in Iligan, Lanao del Norte signaling the impact.