MANILA, Philippines — Corruption in flood control projects drained the economy of an estimated P42.3 billion to P118.4 billion from 2023 to 2025, according to a Department of Finance (DOF) study.
READ: Billions flow to flood control, but not to save us from rising waters
The DOF said the losses could have otherwise generated 95,000 to 266,000 jobs over the same period.
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READ: Gov’t infra spending fell by 27.7% in April to P85.8
The anomalies, flagged earlier by President Marcos, are now at the center of congressional probes running alongside deliberations on the 2026 budget. /rwd
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