President Ferdinand Marcos Jr. asks Congress to approve a P7.2 trillion national budget for 2027, his last full year in office before the 2028 elections, according to reports from Rappler and Interaksyon. The proposed budget is presented as the government’s spending plan for the next fiscal year.

Interaksyon reports that the proposed budget is 6% higher than the current year’s budget. It says the administration is seeking to regain momentum after a sharp economic slowdown and a corruption scandal that has contributed to slower infrastructure spending. Interaksyon also cites weaker economic performance, noting that Philippine GDP growth in the second quarter is 2.3% year-on-year, the slowest since 2021.

Across the two outlets, the central points align on the budget size, the timing (2027), and the broader political context tied to the 2028 elections. The outlets differ mainly in emphasis, with Interaksyon providing more detail on economic conditions and infrastructure-related concerns behind the request.