The BIR receives nearly two-thirds of the new appropriations, while Customs confidential fund gets slashed back to its 2024 level
The Marcos administration proposes a P32-billion budget for the Department of Finance in 2027, with the Bureau of Internal Revenue receiving nearly 63% of the total.
The proposed budget is 3.5% lower than the 2026 budget, with personnel services accounting for 52% of the spending, while the Bureau of Customs sees a significant reduction in confidential funds.
The government anticipates a budget deficit of P1.69 trillion in 2027, with a projected decline in the deficit-to-GDP ratio over the next few years.
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