MANILA, Dec 30 (NNN-PNA) – Philippine President, Ferdinand Romualdez Marcos, today, signed into law the 6.33 trillion pesos (109.3 billion U.S. dollars) national budget for 2025, 9.7 percent higher than the 2024 budget.
In his speech during the signing ceremony, at the presidential palace, Marcos emphasised the signed budget as reflection of his government’s collective commitment to transform economic gains into long-term growth and the goal of uplifting the lives of Filipinos.
“It is designed not just to address our present needs, but to sustain growth and uplift the lives of generations that are yet to come,” Marcos said.
Marcos said, the 2025 national budget underscores his administration’s commitment to social services, education, and health, while addressing the critical infrastructure development and agricultural support needs.
In early Dec, the government forecast the country’s GDP to expand by six to 6.5 percent in 2024, amid the “most uncertain” economic environment at home and abroad. It also widened the GDP target band for 2025 to range between six and eight percent.– NNN-PNA
