Marcos approves P6.3-trillion proposed budget for 2025President Ferdinand R. Marcos Jr. visits San Jose de Buenavista, Antique to provide financial assistance and livelihood grants to farmers and fishermen affected by El Niño on June 27, 2024. MANILA, Philippines — President Ferdinand Marcos Jr. has set the proposed national budget for 2025 at P6.352 trillion — a record-high outlay that captures the administration's macroeconomic targets and spending priorities in an election year. The proposed P6.532 spending plan for 2025, which Marcos approved during a Cabinet meeting on Tuesday, is at least 10% higher than the current year's P5.768 trillion budget. Education stands to get the lion's share of the proposed budget, as required by the 1987 Constitution. Pangandaman said the government is eyeing to submit the proposed budget to Congress on July 29, a week after Marcos' third State of the Nation Address.

Source: Philippine Star July 02, 2024 14:37 UTC