Philippines Launches Tracker for 2027 Budget Insertions
Economy

Philippines Launches Tracker for 2027 Budget Insertions

A new website has been launched in the Philippines to track budget increases, or insertions, by lawmakers in the proposed 2027 national budget. The tool aims to empower citizens to demand accountability from their representatives.

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  • Philippine Peso Hits Record Low Against US Dollar

    The Philippine peso hit a new record low against the US dollar on Monday, trading at 63.8 pesos to the dollar as markets awaited the US Federal Reserve's upcoming meeting, with inflation concerns and potential interest rate hikes in focus.

  • Philippine Peso Hits Record Low of P63.95 to $1

    The Philippine peso hit a new all-time low of P63.95 against the US dollar on Monday, October 26. This marks the 32nd record low this year, raising concerns about increased import costs for fuel and upward pressure on inflation.

  • Japan Credit Rating Agency cites PH resilience to external shocks

    Japan Credit Rating Agency (JCR) cited the Philippines' high resilience to external shocks, supported by foreign exchange reserves, despite increased uncertainties from US tariff policy changes. JCR expects economic growth to rebound in the medium term.

  • House Leaders Defend 2027 Budget Amendments Amid Project Detail Questions

    Philippine House leaders defended amendments to the proposed 2027 national budget, asserting they were based on agency proposals and valid grounds. They urged critics to identify specific projects with questionable documentation and coordinates for review.