By Pexcel John Bacon
THE PHILIPPINES’ proposed 2027 national budget puts social services and infrastructure at the center of government spending, with education, public works and health among the biggest beneficiaries as President Ferdinand R. Marcos, Jr. enters the final stretch of his term.
The Department of Budget and Management’s P7.2-trillion ($118 billion) National Expenditure Program submitted to the House of Representatives on Tuesday allocates P2.46 trillion, or 34.1% of the proposed spending plan, to social services. Economic services receive P1.83 trillion or 25.5%, while general public services are allocated P1.32 trillion or 18.3%.
Defense will get P452.4 billion or 6.3%, while the debt burden is allotted P1.14 trillion or 15.9%. Next year’s proposed spending plan is 6% higher than this year and is 21.7% of economic output.
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