DBCC cuts PH 2026 growth target to 3.5-4.5%

Socio-economic Planning Sec. Arsenio Balisacan (Senate Public Relations and Information Bureau)

MANILA, Philippines – The Development Budget Coordination Committee (DBCC) slashed the Philippine economic growth target to 3.5 percent to 4.5 percent for 2026, following a sharp slowdown in the first quarter amid the Middle East war, oil shock and a slump in government spending.

In a TV interview, Economic Planning Secretary Arsenio Balisacan said the decision to lower the target from the previous 5-percent to 6-percent range comes despite expectations that economic conditions will improve in the latter half of the year.

READ: ADB cuts 2026 PH GDP growth forecast to 4.4%

Article continues after this advertisement