STIMULUS-ORIENTED. Senate President Sherwin Gatchalian delivers his speech during the special session of Congress on June 17, 2026. In a statement on Friday (July 3), Gatchalian said the country’s 2027 national budget should help stimulate economic growth amid global financial headwinds, including persistently high petroleum prices and the threat of a severe El Niño. (PNA photo by Avito Dalan)
MANILA – Senate President Sherwin Gatchalian on Friday emphasized that the proposed 2027 national budget must focus on driving economic growth and strengthening the country’s resilience against domestic and global challenges.
In a news release, Gatchalian stated that next year’s budget must drive economic activity to counter global financial pressures, such as ongoing high oil prices and the looming threat of a severe El Niño.
The Department of Budget and Management (DBM) has proposed a PHP7.2-trillion national budget for 2027, up 6 percent from this year’s P6.793 trillion.
The proposed spending plan is equivalent to 21.7 percent of the gross domestic product (GDP).
