The Philippine government plans to increase its national budget by 6% next year, according to the country’s budget department. The budget is set at 7.2 trillion pesos (about $117 billion). Multiple reports also describe how the fiscal plan aims to improve balances. Revenue is forecast to rise by 8.3%, while spending is projected to grow by 6.7%. As a result, the government expects the budget deficit to narrow to 5.1% of gross domestic product, down from 5.4% in the current year.
Across the sources, the core elements of the plan are consistent: a 6% overall budget increase, revenue growth stronger than spending growth, and a reduction in the deficit relative to GDP. The reports do not provide additional detail on specific program allocations or financing methods, focusing instead on aggregate budget figures, growth assumptions, and the expected deficit outcome.
