The Department of Budget and Management (DBM) in the Philippines has proposed a national budget of P7.2 trillion for 2027, as outlined in National Budget Memorandum No. 158. This proposed budget represents a 6% increase, or an additional P407 billion, compared to the P6.793 trillion budget allocated for 2026. The 2027 budget is equivalent to 21.7% of the country's projected Gross Domestic Product (GDP).
This proposed budget for 2027 is designed to prioritize programs, activities, and projects that aim to create better opportunities and address the needs of the Filipino people, ultimately working towards a more resilient and secure future. The DBM emphasizes that government agencies must demonstrate their readiness to implement proposed projects before receiving funding, ensuring effective utilization of public funds.
Looking ahead, the DBM's macroeconomic assumptions predict a GDP growth of 3.5% to 4.5% for 2026, with an expected revenue of P4.807 trillion. For 2027, GDP growth is projected to be between 5% and 6%, a rate the government anticipates sustaining through 2030. Revenues are expected to reach P5.205 trillion in 2027. The DBM acknowledges factors impacting the economy, including rising local oil prices due to geopolitical conflicts and corruption issues related to flood control projects.
The 2026 national budget, which was set at P6.793 trillion by the Development Budget Coordination Committee (DBCC), is 7.4% higher than the P6.326 trillion budget for 2025. This 2026 budget, themed "Nurturing Future-Ready Generations to Achieve the Full Potential of the Nation," will focus on human capital development through investments in quality education, healthcare, and workforce upskilling. It also includes continued investments in infrastructure and digital transformation, aligning with the Philippine Development Plan 2023–2028, and aims to enhance climate resilience and social protection systems.
