South China Morning Post CENTER (0.0) Reliability: 7.5/10

Philippines budget deficit hits record US$26.5 billion as corruption probe bites

✍️ Sam Beltran 📅 March 10, 2026 12:00 PM ⏱️ 1 min read 🕐 Scraped: March 10, 2026

Summary: A widening deficit and falling revenue are ‘direct, quantifiable effects’ of an investigation into the flood-control scandal, economists say.

An investigation into allegedly corrupt flood-control projects worth billions of pesos is beginning to ripple through the Philippines ’ public finances

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📝 Article Information

Author

Sam Beltran

Original Publisher

🌍 South China Morning Post

CENTER Bias (0.0)

Published Date

March 10, 2026 at 12:00 PM

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