MANILA, Philippines — The Marcos administration has asked Congress to allocate more than P7.2 trillion for its 2027 national budget when the legislature convenes for its second regular session on July 24, according to the Department of Budget and Management (DBM).
The proposed budget is P407 billion, or 6 percent, more than the P6.793-trillion national budget for 2026, and will be equivalent to 21.7 percent of the country’s gross domestic product (GDP), the DBM said in its National Budget Memorandum No. 158, its framework for next year’s budget.
The memorandum, signed by acting DBM Secretary Kim Robert de Leon and posted on the agency’s official website on Friday, did not contain project details because it was meant to only guide agencies in seeking funding from Congress.
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