DTI Seeks Increased Funding for 2026
The Department of Trade and Industry (DTI) urgently requested a budget increase during a Senate panel hearing focused on trade, commerce, and entrepreneurship. The call for additional funds aims to support the agency’s expanding programs and initiatives slated for 2026.
During the briefing, DTI Assistant Secretary Kristian Ablan addressed the panel chaired by Senator Rodante Marcoleta. Ablan emphasized the need to strengthen the agency’s financial resources to better serve the business community and stimulate economic growth.
Key Reasons Behind the Budget Appeal
Officials explained that the proposed budget boost is critical to enhancing the department’s capacity to implement policies that facilitate trade and commerce. They noted that increased funding would enable the DTI to expand support for small and medium enterprises, improve regulatory frameworks, and foster entrepreneurship nationwide.
Community members and local leaders highlighted how the current budget limits the reach of vital programs, particularly those aimed at helping micro and small businesses recover from recent economic challenges.
Senate Panel’s Role and Response
The Senate panel on trade, commerce, and entrepreneurship carefully considered the DTI’s appeal. Lawmakers acknowledged the importance of the department’s work and expressed willingness to explore avenues for budget enhancement, balancing fiscal responsibility with developmental goals.
Senator Marcoleta, presiding over the session, encouraged thorough discussions to ensure that any budget adjustments align with national priorities and deliver measurable benefits to Filipino entrepreneurs.
Looking Ahead: Impact of Budget Increase
Should the budget increase be approved, the DTI plans to roll out new programs targeting innovation, digital transformation, and export promotion. These efforts aim to strengthen the Philippines’ position in the global market and create more opportunities for local businesses.
Moreover, the department intends to intensify capacity-building initiatives that empower entrepreneurs, especially those in underserved communities, to thrive in a competitive economy.
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