Senate President Sherwin Gatchalian has issued a warning regarding the 2027 national budget, describing it as a vital instrument for domestic economic growth. During a recent media briefing, Gatchalian highlighted the urgent need for the legislative body to finalize the spending bill before the conclusion of the year. He cautioned that any failure to reach an agreement between the Senate and the House of Representatives could lead to an institutional deadlock, potentially undermining the country's financial momentum. The legislative process is currently complicated by a compressed schedule and the looming prospect of an impeachment trial. Gatchalian emphasized that both legislative chambers are prioritizing the timely passage of the budget to avoid negative impacts on the national economy, as the spending plan serves as a primary stimulus for the Philippines.
Source : The Manila Times
Photo : The Manila Times
