President Marcos has approved the 2027 national expenditure program (NEP), Malacañang disclosed. Presidential Communications Office (PCO) Secretary Dave Gomez bared this on Friday afternoon, July 10. "The Cabinet discussed and approved the 2027 national expenditure program as presented by the DBM...
President Marcos’ economic team downgraded its growth targets and raised its inflation forecasts for the year due to heightened domestic governance issues, geopolitical tensions in the Middle East, and the looming El Niño phenomenon threaten to disrupt the country’s economic momentum. The...
The country’s meat imports in the first five months of the year rose by nearly 22 percent to more than 720,000 metric tons (MT), as shipments from abroad continued to supplement subpar domestic production. Citing the latest Bureau of Customs (BOC) data, the Congressional Policy and Budget...
The Department of Agriculture (DA) is aiming to secure a mere two-percent increase in its budget for next year to further strengthen the country’s long-term food security, but this could still be reduced given the country’s tighter fiscal space. Agriculture Secretary Francisco Tiu Laurel said...
Amid recent calamities that have battered the Philippines, the government’s calamity fund shed ₱1.7 billion in June, all of which was allocated to the Department of Social Welfare and Development (DSWD). As of June 30, 2026, the National Disaster Risk Reduction and Management Fund (NDRRMF)...
BEYOND BUDGET Assalamu alaikum wa Rahmatullahi wa Barakatuh. There is one thing I have always appreciated about meeting people from different communities. No matter where the conversation begins, it eventually finds its way to the things that matter most in everyday life. The national budget is no...
The Office of the Ombudsman (OMB) on Tuesday, June 30, said it accepted former Department of Public Works and Highways (DPWH) Secretary Manuel Bonoan as a state witness because his testimony is expected to strengthen its case against former House Speaker Martin Romualdez over alleged...
Think tank Capital Economics expects the Philippine economy to grow below the government’s downgraded targets over the next three years, warning that the country’s recovery would likely remain sluggish as weak confidence, tight fiscal policy, and the lingering impact of recent shocks weigh on...
The Marcos administration is proposing a record ₱7.2 trillion national budget for fiscal year 2027, an increase of six percent over the current year, as the government seeks to counteract an economic slowdown triggered by geopolitical conflict and domestic spending scandals. According to National...
No matter how complex government budget is, it must be made accessible and understandable for every Filipino, President Marcos said. The President made the remark on Friday, June 26, during the launch of the Centralized Open Monitoring Platform for Appropriations and Spending Statistics (COMPASS),...
The Asian Development Bank (ADB) has backed the Philippine government’s updated roadmap to overhaul how public funds are planned, spent, and monitored, saying stronger public financial management (PFM) systems are key to improving public services, strengthening resilience, as well as guarding...
Government agencies reported a dip in spending efficiency as of May, with the utilization of cash allocations slowing compared to the same period last year and leaving ₱260.8 billion in unused cash authority. Data from the Department of Budget and Management (DBM) showed that the overall...
