Philippines’ Marcos proposes $117B budget for 2027 to drive sustainable growth
The proposal is P407 billion above this year’s budget and includes 133 new DepEd positions for learners with disabilities.
- On Tuesday, Philippine President Ferdinand Marcos Jr. asked Congress to approve a 7.2 trillion-peso national budget for 2027, prepared by the Department of Budget and Management and 6% higher than this year's spending.
- The administration seeks to regain momentum after a sharp economic slowdown and corruption scandal that slowed infrastructure spending; the Department of Public Works and Highways budget rises 22% to 644 billion pesos despite a 40% cut this year.
- Education Secretary Sonny Angara announced 133 new positions for learners with disabilities, while education retains the largest budget share at 1.15 trillion pesos, down 11.5% from 1.3 trillion pesos allocated this year.
- Palace press officer Claire Castro stated the budget prioritizes "People-Centered Growth for an Inclusive and Resilient Future," aiming to maximize public funds while addressing a projected 1.7 trillion-peso fiscal deficit through borrowing.
- Total gross borrowings are set to climb to 3.30 trillion pesos in 2027, with the government targeting GDP growth of 5.0% to 6.0% and shifting the borrowing mix to 72 percent domestic and 28 percent external.
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14 Articles
Philippines Plans to Borrow $54 Billion in 2027 to Revive Growth
Marcos gov't seeks P112 billion in unprogrammed funds for 2027
MANILA, Philippines – The proposed 2027 national budget provides for P111.984 billion worth of unprogrammed appropriations (UA), Department of Budget and Management (DBM)Acting Secretary Kim Robert de Leon said on Tuesday, August 11. De Leon said that the UA allocation for 2027 is “the lowest amount nominally of the UAs since 2019 and only accounts for 1.5% of the total expenditure program — the lowest ratio since 1991.” The DBM said the 2027 UA…
Philippines’ Marcos proposes $117B budget for 2027 to drive sustainable growth
Philippine President Ferdinand Marcos Jr. on Tuesday proposed a 7.2 trillion Philippine peso ($117.5 billion) national budget for 2027, saying the spending plan is aimed at promoting sustainable development while maintaining fiscal responsibility.
Philippines' Marcos proposes US$118bil budget for 2027
MANILA: Philippine President Ferdinand Marcos Jr asked Congress on Tuesday (Aug 11) to approve a 7.2 trillion-peso (US$118.1 billion) budget for 2027, 6% higher than this year, as his government sought to regain momentum after a sharp economic slowdown and a corruption scandal that has slowed infrastructure spending.
Philippines’ Marcos proposes $118 billion budget for 2027
Philippine President Ferdinand Marcos Jr. asked Congress on Tuesday to approve a 7.2 trillion-peso ($118.1 billion) budget for 2027, 6% higher than this year, as his government sought to regain momentum after a sharp economic slowdown and a corruption scandal that has slowed infrastructure spending.
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