Underspending reason why few Pinoys felt lives improved

Senator Ferdinand Marcos Jr. on Wednesday said a survey revealing that fewer Filipinos felt their lives had improved in the past year partly validates failure of the government to speed up public spending.

According to Marcos, chairman of the Senate Committee on Public Works, the Aquino Administration itself admitted that there was underspending in the past year, and economists blamed poor public spending for a slowdown in the country’s economic growth.