President Ferdinand Marcos Jr. has set the proposed national budget for 2025 at P6.352 trillion — a record-high outlay that captures the administration's macroeconomic targets and spending priorities in an election year.
President Ferdinand R. Marcos Jr. visited San Jose de Buenavista, Antique to provide financial assistance and livelihood grants to farmers and fishermen affected by El Niño, June 27, 2024.MANILA, Philippines — President Ferdinand Marcos Jr. has set the proposed national budget for 2025 at P6.352 trillion — a record-high outlay that captures the administration's macroeconomic targets and spending priorities in an election year.
“Since I’ve seen it before on the macro level, I think the priorities in terms of our proposed appropriations, upon addressing it, weighted our priorities properly in terms of appropriations,” Marcos added. The DBM chief also said that 2025, being an election year, will require additional funding for the conduct of the polls and allowances for volunteers.
Pangandaman said the government is eyeing to submit the proposed budget to Congress on July 29, a week after Marcos' third State of the Nation Address. At least two to three typhoons are expected to enter the Philippine area of responsibility this month amid the threat of a...
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