DBM proposes P7.2-trillion national budget for 2027

MANILA, Philippines — The Department of Budget and Management (DBM) has proposed a P7.2-trillion national budget for 2027, according to a memorandum it issued.

Based on National Budget Memorandum No. 158 published on Friday, June 26, the proposed budget is equivalent to 21.7% of the country's gross domestic product (GDP).

This is 6% or P407 billion higher than the P6.793-trillion budget allocated for 2026.

“The proposed budget for next year will focus on programs, activities, and projects (PAPs) that seek to create better opportunities and address the needs of the Filipino people, helping ensure a more resilient and secure future for all,” the memorandum read.

Meanwhile, the DBM's macroeconomic assumptions project GDP growth of 3.5% to 4.5% in 2026, with revenues reaching P4.807 trillion.

In 2027, meanwhile, the government expects GDP growth of 5% to 6%, which it projects to sustain through 2030.

In terms of revenue, the government projects P5.205 trillion in 2027.

The DBM said it aims to “ensure that every budgeted peso translates to meaningful and tangible accomplishments,” requiring government agencies to first prove their readiness to implement proposed projects before receiving funds.

The agency cited several factors affecting the Philippine economy, including rising local oil prices due to the conflict in West Asia following attacks by the United States and Israel on Iran, as well as corruption issues surrounding flood control projects.