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Manila Bulletin devider Philippines devider National devider Gov't recalibrating economic assumptions amid global uncertainties

Gov't recalibrating economic assumptions amid global uncertainties

Published Jun 1, 2026 04:04 pm

At A Glance

  • Economic managers are recalibrating government assumptions on growth, inflation, oil prices, and foreign exchange.
  • The revised figures will help guide the preparation of the proposed 2027 national budget.
  • The BSP also briefed President Marcos on inflation risks linked to the Middle East conflict.
File photo
File photo

The government’s economic managers are recalibrating key economic assumptions amid evolving global and domestic developments, Malacañang said on Monday, June 1.

Presidential Communications Office Undersecretary Claire Castro said the Development Budget Coordination Committee (DBCC) recently met to reassess projections related to economic growth, inflation, foreign exchange, and oil prices.

Castro shared the statement of acting Department of Budget and Management (DBM) Secretary Kim Robert de Leon during a Palace press briefing.

“The DBCC met to recalibrate assumptions based on the latest developments on economic growth, inflation rates, foreign exchange, and oil prices,” de Leon said.

According to de Leon, the committee agreed to further study how these variables could affect the country’s fiscal position in both the short- and medium-term.

“The committee has agreed to further study the effects of these variables on the country's fiscal position in the short and medium term,” he added.

Input for 2027 budget

De Leon said the recalibrated figures would serve as inputs in the preparation of the proposed 2027 national budget.

“Recalibrated figures will be finalized to serve as input for the preparation of the 2027 Budget,” he said.

Castro, however, clarified that the updated figures have yet to be finalized.

“Wala pa kasi pina-finalized pa (There are none yet because they are still being finalized),” she said when asked whether specific numbers had already been discussed.

BSP briefing

Castro also disclosed that Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. has also briefed President Marcos regarding inflation developments and possible economic scenarios ahead of the central bank’s next monetary policy meeting.

“As always, the Governor briefed the President on the BSP's primary mandate, which is inflation: Its causes, led by the ME conflict, and the various data and scenarios the BSP is analyzing ahead of its next monetary policy meeting,” Castro said in a message to reporters.

The briefing came amid continued global concerns over oil prices and inflationary pressures linked to tensions in the Middle East.

Related Tags

Claire Castro DBCC Kim de Leon DBM Economic assumption
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