World
Philippines' Marcos proposes $118 billion budget for 2027
The proposed budget for 2027 is equivalent to 21.7% of the country's gross domestic product.
Philippine President Ferdinand Marcos Jr. has proposed a budget of $118 billion for the year 2027. This plan has been made public through the Department of Budget and Management.
According to the department, the proposed spending plan represents 21.7% of the nation's gross domestic product (GDP). Further details regarding allocations and priorities have not been released.