President Marcos has submitted to Congress his proposed national budget of P6.352 trillion for 2025.
On Monday, July 29, Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman delivered the National Expenditure Program (NEP) for Fiscal Year 2025 to the House of Representatives.
Under the theme "Agenda for Prosperity: Fulfilling the Needs and Aspirations of the Filipino People," Pangandaman said the budget aims to support the government in achieving economic and social transformation, aligning with the Philippine Development Plan (PDP) 2023-2028.
The proposed budget for 2026 amounts to 22 percent of the country's Gross Domestic Product (GDP), marking a 10.1 percent increase from the P5.768 trillion budget in 2024.
President Ferdinand R. Marcos Jr., in his third State of the Nation Address, said that the FY 2025 National Budget was crafted with the utmost care, diligence, and attention to detail in mind.
“Let us sustain the momentum and stay on track with our Agenda for Prosperity. Through this budget, we can achieve our target of a single-digit poverty level and an upper-middle-income economy,” Pangandaman said.
“Together, let us fulfill the needs and aspirations of the Filipino people to achieve a Bagong Pilipinas for our citizens and the future generations,” she added.
The 2025 NEP is anchored on the three pillars of the PDP 2023-2028.
Pillar 1 aims to "Develop and Protect the Capabilities of Individuals and Families", including initiatives to promote human and social development, reduce vulnerabilities and protect purchasing power, and increase the income-earning ability of Filipinos.
Meanwhile, Pillar 2 aims to "Transform Production Sectors to Generate More Quality Jobs and Competitive Products." This involves modernizing agriculture and agri-business; revitalizing industry; reinvigorating services; and advancing research and development, technology, and innovation.
Finally, Pillar 3 seeks to "Create an Enabling Environment." This involves the practice of good governance and the improvement of bureaucratic efficiency. It also aims to ensure peace and security, enhance the administration of justice, expand and upgrade infrastructure, ensure macroeconomic stability, expand inclusive and innovative finance, accelerate climate action, and strengthen disaster resilience.