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Philippines Proposes PHP7.2 Trillion Budget to Congress

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The Philippine Department of Budget and Management submitted a proposed 7.2 trillion peso 2027 national budget to Congress, with education, healthcare, social protection and infrastructure among the key priorities, according to a Tuesday statement.

The proposal is 6% higher than the 2026 budget and equivalent to about 21.7% of GDP. Social services account for the largest share at 2.456 trillion pesos, while infrastructure spending is proposed at 1.467 trillion pesos.

The Department of Education received the largest allocation among government departments at 976 billion pesos, while the consolidated health budget reaches 1.06 trillion pesos, the data showed.

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