Philippines Approves U$115 Billion Budget, Slashes ‘Back Door’ Allocations

Philippines approves U$115 billion budget, slashes ‘back door’ allocations

Marcos used his veto powers to cut unprogrammed appropriations, historically prone to corruption, to their lowest level since 2019.

Marcos vetoes P92.5-B unprogrammed funds in 2026 budget

President Ferdinand “Bongbong” Marcos Jr. said Monday that he vetoed nearly P92.5-billion worth of line items under the unprogrammed appropriations in the 2026 General Appropriations Act.

Marcos to sign 2026 national budget today

President Marcos will sign today the 2026 General Appropriations Act after conducting a thorough review of the Congress-approved P6.793-trillion national budget, which critics say has several questionable items.

Marcos approves P6.793-trillion budget for 2026, vows focus on public welfare

President Ferdinand R. Marcos Jr. has signed the P6.793-trillion national budget for Fiscal Year 2026, pledging that the spending plan will prioritize programs that directly improve the lives of Filipinos. During the signing of Republic Act No. 12314, or the 2026 General Appropriations Act, at Malacañan Palace, the President said the budget is aligned with …

Philippine President Signs US$115 Bln National Budget For 2026

MANILA, Jan. 5 (Bernama-Xinhua) -- Philippine President Ferdinand Romualdez Marcos on Monday signed into law a 6.793-trillion-peso (about US$115 billion) national budget for 2026, Xinhua reported.