Palace to submit P7.2-trillion 2027 budget to Congress Tuesday
The Philippine government is set to submit a record-breaking P7.2-trillion national budget for 2027 to Congress. The proposed spending focuses on human capital development, infrastructure, and digital government services.
Why it matters
The budget proposal outlines the government's fiscal priorities and economic strategy for the coming years, impacting national development and public services.
The government will formally submit to Congress on Tuesday, Aug. 11, the proposed P7.2-trillion National Expenditure Program (NEP) for 2027, setting in motion the next stage of the national budget process, Malacañang said Monday.
Presidential Communications Office (PCO) Undersecretary Claire Castro said the Department of Budget and Management (DBM), led by Secretary Kim de Leon, submitted the Fiscal Year (FY) 2027 NEP to President Marcos on Monday, Aug. 10.
The proposed budget amounts to P7.2 trillion, or 21.7 percent of the country's projected gross domestic product, making it the highest proposed national budget, according to the DBM.
The 2027 proposal is P407 billion, or about 6 percent, higher than the P6.7932 trillion appropriations programmed for 2026, based on the DBM's fiscal aggregates.
Castro said the budget will focus on education, health, livelihood, security, and strengthening communities under the theme “People-Centered Growth for an Inclusive and Resilient Future.”
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