DBM Presents 2026 National Budget Proposal
The Department of Budget and Management will submit the proposed 6.793-trillion peso national budget for 2026 to Congress on Wednesday, August 13. Officials reported that this submission marks a crucial step in the government’s fiscal planning for the upcoming fiscal year.
On Tuesday, the DBM handed over the 2026 National Expenditure Program (NEP) to President Ferdinand Marcos Jr. at Malacañang. “Tomorrow, August 13, the DBM shall submit the NEP to Congress,” the agency announced in an official advisory.
Details of the Proposed 2026 National Budget
The proposed 2026 national budget amounts to 6.793 trillion pesos, representing a 7.4 percent increase over this year’s 6.326 trillion peso allocation. Local leaders noted that this growth reflects the government’s commitment to supporting key programs and services amid evolving economic demands.
Once received, both the House of Representatives and the Senate will review and deliberate on the proposed budget. After thorough discussions, Congress will forward the finalized General Appropriations Bill (GAB) for 2026 to President Marcos for approval and signing into law.
Presidential Conditions for Budget Approval
Sources familiar with the matter indicated that President Marcos has expressed his intention to veto the 2026 GAB should it deviate from the submitted National Expenditure Program. This underscores the administration’s focus on fiscal discipline and alignment with planned government priorities.
Implications for the Fiscal Year 2026
The submission of the 2026 national budget by the Department of Budget and Management sets the stage for the country’s financial blueprint next year. Community members emphasized that the increased budget aims to enhance public services, infrastructure, and social programs essential to national development.
As Congress begins its deliberations, stakeholders across sectors will closely monitor the process to ensure that the final budget addresses the pressing needs of Filipinos while maintaining fiscal responsibility.
For more news and updates on the 2026 national budget, visit Filipinokami.com.
