President Ferdinand “Bongbong” Marcos Jr. has approved the proposed P6.793 trillion national budget for 2026, Malacañang confirmed on Tuesday.
In a Cabinet meeting held Tuesday morning in Malacañang, President Marcos underscored that the proposed budget is not only designed to drive economic growth, but to uplift the lives of current and future generations of Filipinos.
The Department of Budget and Management (DBM), led by Secretary Amenah Pangandaman, formally submitted the proposed National Expenditure Program (NEP) during the meeting.
The proposed budget is 7.4% higher than the P6.326 trillion approved.
“The President himself sat down with the different agencies to ensure that all our priorities are aligned toward our common goal of achieving our vision of a Bagong Pilipinas,” Pangandaman said.
“So, we are very grateful to the President for his leadership and active role in the crafting of this budget,” she added.
Education remains a top priority in the budget, alongside programs aimed at addressing poverty, enhancing healthcare, and creating sustainable jobs. Marcos said each sector must contribute toward ensuring that “no Filipino is left behind.”
By expenditure class, the largest allocation will go to Maintenance and Other Operating Expenses (MOOE) at P2.639 trillion, followed by Personnel Services (P1.908 trillion), Capital Outlays (P1.296 trillion), and Financial Expenses (P950 billion).
National Government Agencies will receive P4.305 trillion, or 63.4% of the total budget. Local Government Units are set to get P1.350 trillion, while Government-Owned or -Controlled Corporations will receive P188.3 billion in subsidies and equity support.
Editor’s Note: This story has been updated.
