Marcos wants budget reforms after flood control scamMANILA, Philippines — President Marcos is pushing for budget reforms to prevent a repeat of the multibillion-peso flood control scam, which enabled some officials and contractors to pocket huge kickbacks from problematic and non-existent projects. At the same meeting, Marcos emphasized the need for better forecasting, response and adaptation through appropriate and modern technology to address the impact of climate change. Economic managers reported to Marcos that the economy remains strong and that gains have been made in addressing joblessness and poverty. Poverty incidence was at 17.5 million in 2023 – lower than the 19.9 million recorded in 2021, they added. A statement released by Recto’s office said he had emphasized Marcos’ order to ensure that assistance must reach affected families swiftly.

Source: Philippine Star January 27, 2026 16:33 UTC