Philippine Government Cuts Growth Targets Until 2027 - BusinessWorld Online

Government cuts growth targets through 2028

The government lowered GDP growth targets through 2028, citing corruption fallout but expressing optimism on inflation and inclusive growth.

DBCC lowers 2026 to 2028 economic growth targets amid corruption fallout

MANILA, Philippines – The Development Budget Coordination Committee (DBCC) further trimmed the country’s economic growth targets for the remainder of the Marcos Jr. administration as the economy continues to reel from the effects of the flood control corruption scandal. During a Malacañang press briefing on Monday, January 5, Department of Economy, Planning and Development (DEPDev) Secretary Arsenio Balisacan said the P6.793-trillion 2026 nation…

Philippine government cuts growth targets until 2027 - BusinessWorld Online

By Chloe Mari A. Hufana, Reporter The Philippines trimmed its economic growth targets until 2027, after growth likely slowed to about 4.8% to 5% this year, according to Economy Secretary Arsenio M. Balisacan. In a briefing on Monday, Mr. Balisacan said the Development Budget Coordination Committee (DBCC) had lowered its gross domestic product (GDP) growth targets to 5%-6% for 2026 and 5.5%-6.5% for 2027. It kept the GDP growth target at 6%-7% fo…

IBON Executive Director on DBCC growth targets

IBON Executive Director on DBCC growth targets