House OKs P7.2-T Spending Bill on Second Reading
Economy

House OKs P7.2-T Spending Bill on Second Reading

The Philippines' House of Representatives passed on second reading a P7.2-trillion spending bill, a record national budget to fund government operations, salaries, and infrastructure projects for the upcoming year.

Read up to 3 eligible full articles per Japan day (JST) for free

Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.

  • House Approves P116-B Budget Amendments for 2027

    The Philippine House of Representatives approved P116 billion in amendments to the P7.2-trillion 2027 national budget. The move adopts redistribution recommendations from a select panel of lawmakers, aiming to rechannel funds within the proposed spending plan.

  • PSEi Recovers on Bargain Hunting, But Headwinds Linger

    The Philippine stock market rebounded as investors snapped up bargain stocks following a previous day's decline. The main Philippine Stock Exchange index (PSEi) rose 1.05%, though elevated US Treasury yields, a weak peso, and high inflation continue to weigh on the market.

  • Philippines Inflation Surge in September Fuels Rate-Hike Bets

    Inflation in the Philippines surged to 7.2% in September, increasing expectations that the Bangko Sentral ng Pilipinas (BSP) will hike interest rates again in October. Rising food and energy prices, along with El Niño risks, are fueling inflationary pressures.

  • Jobless Filipinos Drop to 2.77 Million in August, But Still Higher Year-on-Year

    The number of unemployed Filipinos fell to 2.77 million in August from the previous month, driven by job creation in the agriculture sector, according to the Philippine Statistics Authority (PSA). However, the jobless rate remains higher than last year, indicating ongoing economic recovery challenges.