The Senate Finance Committee in the Philippines has officially endorsed the 10.15 billion peso budget request for the Office of the President for the year 2027. The approval followed a brief 18-minute session, with lawmakers observing traditional interparliamentary courtesy. Executive Secretary Ralph Recto highlighted that this proposed funding represents a 64 percent decrease compared to the 2026 allocation. According to Recto, the requested amount constitutes approximately 0.14 percent of the total national budget of 7.2 trillion pesos. He expressed gratitude toward the Senate for their swift review and noted that the reduced figure is modest given the operational requirements of supporting President Ferdinand Marcos Jr. The committee's decision marks a significant reduction in the executive branch's financial planning for the upcoming fiscal cycle.
Source : The Manila Times
Aussi couvert par : Philippine Daily Inquirer
