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The Marcos administration has lowered its macroeconomic targets through 2030 and raised the proposed 2027 national budget to P7.2 trillion as it adopted a revised fiscal framework to navigate growing economic headwinds.
In a document released by the Department of Budget and Management (DBM), the Development Budget Coordination Committee (DBCC) lowered its economic growth target for 2026 to 3.5 to 4.5 percent from the previous 5 to 6 percent.
READ: OECD cuts 2026 PH GDP growth forecast to 3.2%
For 2027 to 2030, the growth target was likewise reduced to 5 to 6 percent. Previously, the government had targeted 5.5 to 6.5 percent for 2027 and 6 to 7 percent for 2028 to 2030.
