President Ferdinand Marcos Jr. proposes a 2027 national budget of about US$118 billion, according to the Philippines’ Department of Budget and Management.

The proposed spending plan is described as equivalent to 21.7% of gross domestic product (GDP), as reported by Free Malaysia Today. Channel NewsAsia also reports on the same proposal and figure, focusing on the scale of the spending plan and its relevance to government planning for 2027.

The sources provide the core details of the proposal but do not describe differing policy priorities or specific allocations in the information provided. Both outlets present the budget size and the headline macroeconomic ratio as the key points, with no additional conflicting claims in the excerpts.