PoliticsPhilippines’ Marcos proposes $118 billion budget for 2027
Philippine President Ferdinand Marcos Jr. has asked Congress to approve a 7.2 trillion-peso budget for 2027, worth about $118.1 billion. The proposal is 6% larger than this year’s budget. His government is seeking to regain momentum after a sharp slowdown in the economy. A corruption scandal has also held back infrastructure spending, adding pressure to the budget plan.
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Reuters★★★☆☆2026-08-11 08:35Original
Philippines’ Marcos proposes $118 billion budget for 2027
Politics