# Philippines’ Marcos proposes $118 billion budget for 2027

https://mins.news/en/item/18864

- Reuters, 2026-08-11 08:35 UTC
- Politics
- Original: https://www.reuters.com/world/asia-pacific/philippines-marcos-proposes-118-billion-budget-2027-2026-08-11/?link_source=ta_bluesky_link&taid=6a7adec1325a7500012a7805

> 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.