Marcos Pledges Increased National Budget, Citing Economic Growth and Improved Livelihoods

MANILA, Philippines – In the latter part of his fifth State of the Nation Address (SONA) delivered on Monday, July 27, 2026, President Ferdinand Marcos Jr. addressed the nation, promising an increase in the national budget to foster economic growth and improve the livelihoods of Filipinos. The President underscored the government's continued support for agrarian reform, highlighting plans to bolster irrigation systems, road networks, agricultural machinery provision, and loan facilities for farmers. This initiative is rooted in the understanding that revitalizing the agricultural sector, a cornerstone of the Philippine economy, is crucial for overall national economic growth and the stability of citizens' lives. Furthermore, President Marcos emphasized the importance of infrastructure development, expressing his intent to continue focusing on the construction of roads and bridges, as well as the improvement of public transportation systems. These infrastructure projects are deemed essential for stimulating economic activity and promoting regional development. Such investments are expected to reduce logistics costs, enhance the investment climate, and strengthen inter-regional connectivity. This SONA serves to outline the administration's economic policy direction to both domestic and international investors, as well as the general public. The actual allocation of the budget and the execution of proposed policies will be pivotal in shaping the future trajectory of the Philippine economy. Notably, the government's response to pressing issues such as inflation control and job creation will be critical factors in assessing the Marcos administration's performance. Source: Inquirer NewsInfo