Cabinet approves 2027 national expenditure program

MANILA, Philippines — The Cabinet on Friday approved the proposed 2027 National Expenditure Program presented by the Department of Budget and Management during a meeting at Malacañang Palace, Presidential Communications Office Acting Secretary Dave Gomez said.

President Ferdinand Marcos Jr. presided over the meeting.

READ: Gov’t proposes P7.2-trillion spending bill for 2027

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“The cabinet discussed and approved the 2027 national expenditure program as presented by the DBM,” Gomez said in a Viber message.

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“On the total amount and other details, we do not want to pre-empt the President’s budget submission to Congress,” he added.

The Marcos administration has asked Congress to allocate more than P7.2 trillion for its 2027 national budget when the legislature convenes for its second regular session, the DBM said in a memorandum signed in June.

It is P407 billion, or 6 percent, higher than the P6.793-trillion national budget for 2026.

“In crafting the proposed [Fiscal Year] 2027 budget, the government is confronted with a very narrow fiscal space, further constrained by funding pressures from automatically appropriated items, such as the National Tax Allotment shares of LGUs (local government units) and interest payments, as well as the requirements of newly-enacted laws and recurrent mandatory expenditures,” the memorandum read.

“As such, all proposed [Programs, Activities and Projects] should have undergone the necessary review and approval by relevant oversight agencies or committees within the prescribed budget preparation timelines to be considered for funding in the proposed FY 2027 Budget,” DBM added. /jpv

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