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DBCC Briefing and Interpellation

House Committee on Appropriations · August 17, 2026

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Speaker names reflect the current reviewed attribution. Each turn retains its stable source ID.

Rep. Mikaela Angela B. Suansing

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Good morning, everyone. This briefing of the Development Budget Coordination Committee, or the DBCC, is hereby called to order. Please rise for the singing of the national anthem and please remain standing for the opening prayer to be led by Vice Chairperson Johanne Bautista of the TRABAHO Party-list.

House ceremonial singers

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[National anthem performed]

Rep. Johanne Monich G. Bautista

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Let us put ourselves in the presence of Almighty God. Ever-living God, we bow our heads before You today with hearts full of gratitude and profound responsibility as we begin our budget briefing. Grant us, Lord, the wisdom, discernment, and steadfast dedication needed to craft a national budget that truly serves the Filipino people, a budget that drives economic recovery, creates sustainable and decent livelihoods, and uplifts every worker, family, and community across our archipelago. Lord God of creation, we also place before Your loving protection the Filipino people, especially as our nation faces the trials of inclement weather and natural calamities. We ask for Your merciful mantle of safety and security to shield every community, home, and vulnerable family. Please grant strength and resilience to our frontline workers, local leaders, and disaster response teams, and guide our hands to allocate the resources necessary to protect, prepare, and deliver swift aid to those in need. May everything we discuss and decide today and in the next few weeks be guided by integrity, compassion, and unwavering commitment to public service and the common good. Amen.

Rep. Mikaela Angela B. Suansing

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Thank you, Honorable Johanne Bautista. ComSec, please acknowledge the members and resource persons present in today's briefing.

Committee Secretary

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Thank you, Madam Chair. Good morning. May we acknowledge Speaker Bodjie Dy III, former president Gloria Macapagal Arroyo.

Committee Secretary

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Majority Floor Leader Ferdinand Alexander Marcos, Chair Mika Suansing, Deputy Minority Leader Antonio Tinio, Deputy Minority Leader Percy Cendaña, Assistant Minority Iris Montes, Deputy Speaker Albee Benitez, Assistant Majority Leader Arnand Dimagiba, Deputy Minority Leader Sergio Dagoooc, Assistant Minority Leader Chel Diokno,

Committee Secretary

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Deputy Speaker Bambi Emano, Senior Deputy Majority Leader Lawrence Defensor, Senior Deputy Speaker Ferdinand Hernandez, Minority Leader Marcelino Libanan,

Committee Secretary

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Vice Chairperson Dante Garcia, Vice Chairperson Jose Alvarez, Vice Chairperson Maria Angela Garcia, Vice Chairperson Romeo Momo, Vice Chairperson Arthur Celeste, Vice Chairperson Sancho Ominal,

Committee Secretary

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Vice Chairperson Joseph Tan, Vice Chairperson Gerryboy Espina, Vice Chair Brian Poe, Vice Chair Lalo Matugas, Vice Chair Johanne Monique Bautista, Vice Chair Ditse Tina Pancho, Vice Chair Josefina Tallado, Vice Chair Attorney Mike Tan,

Committee Secretary

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Representative Salvador Pleyto, Representative Elijah San Fernando, Representative Ryan Recto, Representative Arnand Panaligan, Representative Edgar Erice,

Committee Secretary

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Representative Kenneth Tereng, Representative Carl Legaspi, Representative Dada Ismula, Representative Kristine Singson-Meehan,

Committee Secretary

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Representative Carlos Loria, Representative Miro Quimbo, Representative Sara Elago, Representative Alexander T. Pimentel, Representative Filemon Espares,

Committee Secretary

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Representative Arlene Ayon, Representative Mark Cojuangco, Representative Zaldy Villa.

Committee Secretary

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Representative Ferdinand B1 Beltran, Assistant Minority Leader Shin Gonzalez, Representative Dibu Tuan, Representative Girlie Veloso,

Committee Secretary

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Deputy Majority Leader Bong Teves, Vice Chair Lolita Javier, Representative Roy Gonzalez, Deputy Minority Leader Jett Nisay, and Senior Deputy Minority Leader Leila de Lima.

Committee Secretary

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May we also acknowledge, Madam Chairperson, the members of the DBCC.

Committee Secretary

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From the Department of Budget and Management, Secretary Kim Robert De Leon, Undersecretary Janet Abuel, Undersecretary Goddess Hope Libiran, Undersecretary Mary Ann De La Vega, Undersecretary Ryan Dita, Undersecretary Wilford Will Wong, Assistant Secretary Romeo Matthew Balangkit, Assistant Secretary Gerald Handa,

Committee Secretary

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Assistant Secretary Andrea

Committee Secretary

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Celene Magdalas.

Committee Secretary

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And from the Department of Finance, Secretary Frederick Go, Undersecretary Maria Editha Tan, Undersecretary Bayani Agabin, Undersecretary Carlo Fermin Adriano, Undersecretary Catherine Fong, Undersecretary Maria Angela Ignacio, Undersecretary Rolando Ligon, Undersecretary Joven Balbosa, Undersecretary Krystal Lyn Uy,

Committee Secretary

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Undersecretary Nino Raymond Alvina, Assistant Secretary Neil Adrian Cabiles, Assistant Secretary Yuvimil Nina Asuncion, Assistant Secretary Dakila El-Tin Napaw, Assistant Secretary Jomel Baloro, Assistant Secretary Christine Joy Diaz-Teston, BIR Commissioner Charlito Martin Mendoza, and BOC Commissioner Ariel Nepomuceno.

Committee Secretary

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And of course, Treasurer of the Philippines Sharon Almanza.

Committee Secretary

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From the Department of Economy, Planning, and Development, Secretary Arsenio Balisacan, Undersecretary Rosemarie Edillon, Undersecretary Joseph Capuno, Undersecretary Carlos Bernardo Abad Santos, Undersecretary Melbourne Pana, Undersecretary Dennis Mapa, Undersecretary Glenda Rumor,

Committee Secretary

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Undersecretary Risa Blanco La Torre

Committee Secretary

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Undersecretary Reynaldo Cancio, and from the Bangko Sentral ng Pilipinas, Governor Eli Remolona Jr., Deputy Governor Zeno Ronald Abenoja, Assistant Governor Attorney Prudencia Angelita Casala, Assistant Governor Rogelio Mercado, Assistant Governor Mary Jane Cho, General Counsel Attorney Robert Figueroa, Deputy General Counsel Attorney Christine De Castro Lejano

Committee Secretary

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And from the Office of the Executive Secretary, we have Director Luis Gabriel Sinirez, and Ms. Regina Yvette Romero. That's all, Madam Chair.

Committee Secretary

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Madam Chair, may we also acknowledge the presence of the Senior Vice Chair, Albert Garcia.

Rep. Mikaela Angela B. Suansing

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Thank you very much, ComSec.

Rep. Mikaela Angela B. Suansing

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At this point, as we formally begin our deliberations on the proposed fiscal year 2027 national budget, I would like to request everyone's permission to deliver a few opening remarks.

Rep. Mikaela Angela B. Suansing

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To our distinguished colleagues in the House of Representatives, to our, of course, we are honored to have here today, our Honorable Speaker, the Honorable Faustino "Bodjie" Dy III,

Rep. Mikaela Angela B. Suansing

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Our Majority Leader, Ferdinand Alexander Marcos, our Minority Leader, the Honorable Marcelino Libanan,

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Our Deputy Speakers, our Vice Chairpersons of the Committee on Appropriations,

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distinguished colleagues we'd also like to thank our esteemed partners in the Development Budget

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Coordination Committee or the DBCC the officials and the secretaries of the following departments

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from the Department of Budget and Management headed by Acting Secretary Kim Robert De Leon

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from the Department of Finance Secretary Frederick Go, from DepDev Secretary Arsenio Balisacan

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to the officials of the Bangko Sentral ng Pilipinas headed by BSP Governor Eli Remolona Jr.

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the officials from the PLLO headed by Secretary Joey Salceda

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and of course our former president Gloria Macapagal Arroyo and finally and most importantly

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to the Filipino people closely watching the first day of the budget deliberations

Rep. Mikaela Angela B. Suansing

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Last year for Fiscal Year 2026 we delivered a budget centered on the Filipino people

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not only in our expenditure priorities in what was funded but also in how it was crafted

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through a process that was open transparent and accountable to the filipino people

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Alinsunod sa panawagan ng ating mga

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kababayan na mas maging bukas ang

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proseso ng pagbuo ng

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budget?

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Matagumpay pong sinimulan ng inyong kongreso noong nakaraang taon ang mga mahahalagang

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reforma. We enacted a series of structural reforms that placed transparency, accountability,

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and public participation at the center of our budget process. We abolished the small committee

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and established the first ever Budget Amendments Review Subcommittee, or BARC. The BARC's over

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20 hours of deliberations were live-streamed and amendments were approved and shown line

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by line to the Filipino public. Moreover, all committee hearings and plenary deliberations

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were live-streamed. We enhanced engagement with civil society organizations and conducted

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the first ever People's Budget Review. For the first time in recent history, the period

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of amendments was open to all House members, and all amendments were incorporated.

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Before the HGAB second reading approval. And finally, for the first time in history,

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the Bicameral Conference Committee proceedings were open to the public. The BICAM six days

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of deliberations were all live-streamed, and amendments were shown to the Filipino public

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line by line. Sinalamin po ng mga mahahalagang reformang ito ang paninindigan ng inyong kongreso

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na tanggalin ang tabing sa usaping budget at talagang

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at talagang ipakita kung saan napupunta ang bawat piso ng buwis na mula sa dugo at

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pawis ng bawat Pilipino. Ang ating mga magagandang nasimulan noong nakaraang taon. Ipagpapatuloy at

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at pagbubutihin pa po natin sa pagbuo ng budget para sa taong 2027.

Rep. Mikaela Angela B. Suansing

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For 2027, President Ferdinand Bongbong Marcos Jr. has proposed a budget anchored on people-centered

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growth for an inclusive and resilient future.

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He stressed that this budget reflects our unwavering commitment to building a resilient,

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inclusive and prosperous nation.

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More than a financial plan, it is a strategic investment in the Filipino people and in our

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country's future.

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It translates our priorities into concrete action, ensuring that every public resource

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contributes to stronger institutions, greater economic opportunities, and a better quality

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of life for every Filipino.

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We affirm this framework laid out by the DBCC in crafting the 2027 National Development

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Budget.

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In this budget, that means prioritizing investments in quality education, health care, and workforce

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upskilling.

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Sisiguraduhin po ng inyong Kongreso na ang P7.2 trillion na budget ng ating bansa ay

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hindi lang mananatili sa papel kundi

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mararamdaman sa araw-araw na buhay ng bawat pamilyang Pilipino.

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Makikita po ninyo nito

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sa mas maginhawang pagpapagamot,

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mas dekalidad na edukasyon

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at mas maayos na mga silid-aralan,

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mas maraming mga trabaho

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at mas magagandang mga kalsada

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para sa mga magsasaka upang mas mapadali

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ang pagdala ng mga produkto sa merkado.

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To our partners in the Executive Branch, we look forward to working with you over the

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next couple of months in crafting a budget that will be truly responsive to our people's

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needs.

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And will unlock our country's full potential.

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To our colleagues in the House, it was our collective efforts last year that enabled

Rep. Mikaela Angela B. Suansing

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us to successfully implement critical reforms that reshaped long-standing, decades-long

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practices.

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This year, I look forward to further strengthening our collective efforts in safeguarding the

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Filipino people's faith in the budget process and in securing our country's economic future

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for generations to come.

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As we begin this year's budget deliberations, the House of Representatives reaffirms our

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commitment that we espoused last year.

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In this budget, and in the years to come, we are bringing the Filipino people back in

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the center of the budget process where you rightfully belong.

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Ang bawat piso ng budget na ito ay galing sa dugo at pawis ng bawat Pilipino.

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Kaya magiging masusi po ang deliberasyon ng inyong Kongreso sa mga darating na buwan upang siguraduhin

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na ang bawat piso ay ilalaan sa mga programang inyong mararamdaman na ito ay

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tunay na tumutugon sa pangangailangan ng ating mga kababayan at ng ating bansa.

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Maglalagay po tayo ng sapat na safeguards sa budget upang tiyakin na hindi ito maaaring maabuso.

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Sisiguraduhin po ng inyong Kongreso na ang budget para sa taong 2027 ay isang

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budget na inyong mapagkakatiwalaan.

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Maraming salamat po. Para sa Diyos at bayan.

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[unclear]

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[unclear]

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Before we proceed with the presentations

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...

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...

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May I inform our distinguished members that the DBCC presentations will follow this sequence.

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Bangko Sentral ng Pilipinas or BSP, the Department of Economy Planning and Development or DEPDEV,

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the Department of Finance, DOF, and finally the Department of Budget and Management or DBM.

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May I respectfully request our members to allow all four presentations to be completed

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before we open the floor for interpellation and discussion.

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Thank you very much, Your Honors.

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And with that, may I recognize our officials from the Bangko Sentral ng Pilipinas

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headed by our BSP Governor, Eli Remolona Jr. for their presentation.

Rep. Mikaela Angela B. Suansing

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Thank you very much.

BSP Governor Eli M. Remolona Jr.

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Honorable Speaker Bodjie Dy III, Committee on Appropriations Chair Mika Suansing,

BSP Governor Eli M. Remolona Jr.

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Honorable Representatives, Colleagues in Government, Ladies and Gentlemen, Magandang Umaga po.

BSP Governor Eli M. Remolona Jr.

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Thank you for inviting the BSP as resource institution for a DBCC.

BSP Governor Eli M. Remolona Jr.

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Thank you.

BSP Governor Eli M. Remolona Jr.

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Consistent with our mandate, we worry about inflation because it diminishes the purchasing power of Filipino families. Low inflation also supports sustainable growth. We are encouraged to report that

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inflation has eased somewhat over the last 3 months. However, inflation remains well above

BSP Governor Eli M. Remolona Jr.

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this is due largely to global supply shocks and their spillover effects on prices in the domestic

BSP Governor Eli M. Remolona Jr.

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economy as you know oil price shocks are are not just about energy they are also about food prices

BSP Governor Eli M. Remolona Jr.

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because oil is also the source of much of our fertilizer

BSP Governor Eli M. Remolona Jr.

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to contain price pressures the bsp has responded by tightening monetary policy

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twice this year these were carefully calibrated moves to help slow down inflation

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anchor inflation expectations while recognizing the temporary weakness in growth

BSP Governor Eli M. Remolona Jr.

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over the medium term we expect inflation to increase

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gradually however risks remain tilted to the upside the monetary board will meet next week

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to decide on the next policy action we look at all the evidence and we are prepared

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to take further steps as necessary to ensure that inflation returns to target

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i'm also glad to report

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that the philippine banking system remains well provisioned and well capitalized

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banks are also flush with liquidity they are well positioned to continue to support economic activity

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our strong external position also provides an important buffer against global uncertainties

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this macroeconomic backdrop

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supports the assumptions behind the proposed national government budget for 2027.

BSP Governor Eli M. Remolona Jr.

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with that let me turn the floor over to deputy governor zeno Abenoja who will provide a more

BSP Governor Eli M. Remolona Jr.

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detailed overview of the macroeconomic developments and assumptions thank you

BSP Deputy Governor Zeno Ronald R. Abenoja

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thank you governor i joined the governor in

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the last minutes uh saying our thanks to our honorable speaker Speaker Bodjie Dy III our

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honorable chair Congresswoman Mikaela Angela Suansing and our honorable representatives present

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at today's briefing the bsp is a resource institution of the dbcc

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and for this morning we will provide some context for the macroeconomic

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this morning we will provide some context for the macroeconomic developments and assumptions

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assumptions behind the proposed national government budget for the fiscal year 2027.

BSP Deputy Governor Zeno Ronald R. Abenoja

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So let me start with some brief overview of what is happening in the economy.

BSP Deputy Governor Zeno Ronald R. Abenoja

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What is the latest trend in terms of inflation? In 2025, we see here that lower food, particularly

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rice and energy prices significantly eased the country's inflation. This continued in the first

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two months of this year, 2026. However, the conflict in the Middle East since end February

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2026 drove global oil prices higher, and this translated to significant spillover

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to domestic inflation. Inflation rose from 2.4%

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in February of this year to a recent peak at 7.2% in April. However, since then, it has gradually

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eased to 6.2% by July. However, that number, that inflation number, continued to be well

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above the target of 3%. The moderation that we have seen since the period May to July

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in inflation reflects lower global oil prices and improve food supply conditions.

BSP Deputy Governor Zeno Ronald R. Abenoja

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What was the response of the BSP?

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As the Governor has mentioned, monetary policy shifted to a tightening stance with this rise in

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inflation, and also the increase in the inflation outlook. The BSP decided to raise target policy rates,

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from 4.25% by 25 basis points each in April and June 2026.

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This brings the policy rate to 4.75%.

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This calibrated move by the BSP helps anchor inflation expectations

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and reduce what we call second round risks.

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At the same time, this measured policy action supports growth.

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The calibrated monetary policy action will complement fiscal measures

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in supporting steady consumption and strengthening business sentiment.

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In the coming months, in the coming quarters, amid the challenging external environment,

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the BSP will remain data dependent.

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The BSP will remain vigilant and prepared to take first steps

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to further monetary actions to ensure that inflation returns

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to the target of 3% over the medium term.

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Where do we see inflation going this year and next year in 2027?

BSP Deputy Governor Zeno Ronald R. Abenoja

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The inflation outlook has deteriorated amid the challenging external environment

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and amid the faster than expected broadening of price pressure.

BSP Deputy Governor Zeno Ronald R. Abenoja

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We can see this.

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We can tell from what we call core inflation numbers.

BSP Deputy Governor Zeno Ronald R. Abenoja

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Our analysis point to stronger second round effects

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and a wider pass-through of earlier supply shocks

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to the different components of the consumption basket.

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In the monetary policy meeting last June,

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the BSP sees headline inflation averaging at 6.4% in 2026,

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4.5% in 2027,

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and 4.5% in 2027.

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And both numbers are above the inflation target of 3%.

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However, by 2028, it is possible that inflation will be close to the target

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at around 3.1%.

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The BSP sees upside inflation risk,

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and this could emanate largely from the higher global oil prices

BSP Deputy Governor Zeno Ronald R. Abenoja

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and higher inflation expectations.

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If you look at private sector inflation forecasts,

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they could also see higher inflation in the near term.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000287

But this could revert to near the 3% level by 2028 or 2029.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000288

Now going to the banking system,

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000289

how is the banking system performing?

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000290

The banking system remains healthy.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000291

The Philippine banking system is supported by strong fundamentals.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000292

Banks sustain growth in assets and deposits

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000293

and continued profitability.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000294

Capital and liquidity metrics remain well above international standards,

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000295

and non-performing loans are manageable and well provisioned.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000296

Looking ahead, the banking system is well positioned

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000297

to support economic activity

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000298

and financial stability.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000299

We also observed that more Filipinos

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000300

continue to participate in the formal financial system.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000301

The chart on the left shows that digital payments

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000302

reached almost 65% of retail transactions last year.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000303

This surpasses the targets of 50% to 54%.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000304

And our data shows even more.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000305

In the last few months,

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000306

we have seen an increase in the number of payments

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000307

that have been made through digital payments.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000308

This is due to increasing use of payments

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000309

through Instapay, Pesonet, and person-to-merchant QRPH.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000310

This highlights the continued momentum

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000311

on the adoption of electronic payments channels in the country.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000312

Equally important,

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000313

the growing adoption of digital payments

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000314

also generates what are called network externalities.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000315

Electronic payment channels increase

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000316

as more consumers, more merchants,

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000317

and more financial institutions participate

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000318

in this financial ecosystem.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000319

On the right side,

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000320

we show the increasing number of basic deposit accounts,

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000321

and it has reached over 28 million as of March 2026,

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000322

with 177 banks offering basic deposits.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000323

This is one of the ways

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000324

that we at the BSP promote financial inclusion.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000325

We also welcome the decision of several banks

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000326

to reduce or waive interbank digital transaction fees.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000327

This reduction or waiver of interbank digital transaction fees

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000328

makes it more affordable and accessible

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000329

for Filipino households and small businesses

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000330

to access the convenience of electronic fund transfers.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000331

We also thank our legislators

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000332

for the passage of the Anti-Financial Accounts Coming Act.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000333

This is indeed an important legislation

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000334

to continue to improve the consumer protection

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000335

through stronger safeguards for fraud

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000336

and faster complaint resolutions.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000337

At the external front,

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000338

if you look at our external sector,

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000339

it continues to protect our economy

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000340

from the effects of the volatile external conditions.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000341

Right now, we have a balance of payments deficit

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000342

of about 1.2% of GDP.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000343

This is for last year,

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000344

and the current account narrowed

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000345

due to strong exports and remittances.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000346

For 2026 and 2027,

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000347

the current account deficit is projected to slightly widen,

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000348

and this is consistent with the experience

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000349

of many emerging market economies

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000350

pursuing investment-led growth.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000351

For the Philippines,

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000352

the wider deficit primarily reflects strong demand

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000353

for capital goods and other productive imports

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000354

needed to support infrastructure development

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000355

and expand productive activity.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000356

How is this deficit being supported right now?

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000357

This highlights the importance

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000358

of structural foreign exchange inflows,

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000359

the remittances, the revenues from BPO's,

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000360

and also the inflows from foreign direct investments.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000361

We are also maintaining enough buffers

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000362

in terms of international reserves.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000363

As of now, our international reserve stands

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000364

at almost $105 billion.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000365

That is as of end June 2026,

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000366

and it's equivalent to about seven months' worth

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000367

of imports of goods and services.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000368

So this is the general macroeconomic landscape

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000369

that we are working with at this time.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000370

And the key assumptions behind the proposed national budget

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000371

for fiscal year 2027

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000372

are shown in this particular slide.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000373

In terms of inflation,

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000374

as mentioned earlier,

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000375

our latest inflation forecast

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000376

points to still elevated inflation for 2026

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000377

before easing in 2027.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000378

For the national government budget purposes,

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000379

we assume that headline inflation

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000380

to be around 4% to 5% for 2027.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000381

Oil prices remain volatile and highly uncertain,

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000382

largely dependent on geopolitical developments,

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000383

particularly in the Middle East.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000384

Markets right now are pointing to some decline

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000385

in the price of Dubai crude oil

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000386

to about the range of $70 to $90 per barrel

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000387

on average in 2027.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000388

Exchange rate will be broadly stable

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000389

against the US dollar,

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000390

reflecting external developments

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000391

and also at the same time some domestic headwinds.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000392

On the interest rates,

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000393

particularly domestic interest rates,

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000394

the one-year T-bill rate will range around 5% to 6%

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000395

in 2026 and 2027,

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000396

and this reflects the country's fiscal condition

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000397

and the policy of continued consolidation.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000398

In the international interest rates,

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000399

the six-month secured overnight financing rate,

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000400

which is the global short-term rate benchmark in US dollars,

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000401

is assumed to be within 3% to 4% in 2026 as well as in 2027.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000402

This reflects expectations that the US Fed

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000403

may maintain a relatively cautious stance

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000404

in terms of monetary policy.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000405

Finally, our exports of goods will grow modestly,

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000406

boosted by firm global demand for electronics and manufactures,

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000407

but constrained by the slow global economy

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000408

and increased global trade uncertainty.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000409

Let me end with some remarks.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000410

First, inflation outlook remains elevated,

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000411

requiring measured action to anchor inflation expectations

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000412

and contain broadening price pressures.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000413

We have adequate external buffers

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000414

and a resilient, healthy banking system

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000415

to provide support to domestic economic activity.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000416

Moving forward,

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000417

the BSP is prepared to take further monetary actions

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000418

if needed to ensure its primary mandate

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000419

of maintaining price stability

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000420

conducive to sustainable and durable growth.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000421

We end here, Madam Chair.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-000422

Again, thank you very much.

Rep. Mikaela Angela B. Suansing

asr-000423

Thank you very much to the BSP family.

Rep. Mikaela Angela B. Suansing

asr-000424

Thank you to Governor Eli Remolona Jr.

Rep. Mikaela Angela B. Suansing

asr-000425

and Deputy Governor Zeno Ronald,

Rep. Mikaela Angela B. Suansing

asr-000426

and Deputy Governor Abenoja.

Rep. Mikaela Angela B. Suansing

asr-000427

Thank you very much.

Rep. Mikaela Angela B. Suansing

asr-000428

Next, we move to the presentation

Rep. Mikaela Angela B. Suansing

asr-000429

of the Department of Economy, Planning and Development,

Rep. Mikaela Angela B. Suansing

asr-000430

or DEPDev,

Rep. Mikaela Angela B. Suansing

asr-000431

headed by Secretary Arsenio M. Balisacan.

Rep. Mikaela Angela B. Suansing

asr-000432

Secretary Balisacan, kindly proceed po.

Rep. Mikaela Angela B. Suansing

asr-000433

Thank you very much.

DEPDev Secretary Arsenio M. Balisacan

asr-000434

Thank you, Speaker Di III,

DEPDev Secretary Arsenio M. Balisacan

asr-000435

Chairperson Swan Singh,

DEPDev Secretary Arsenio M. Balisacan

asr-000436

and distinguished members of the Committee on Appropriations

DEPDev Secretary Arsenio M. Balisacan

asr-000437

for this opportunity

DEPDev Secretary Arsenio M. Balisacan

asr-000438

to discuss the state of the Philippine economy

DEPDev Secretary Arsenio M. Balisacan

asr-000439

and our economic directions moving forward.

DEPDev Secretary Arsenio M. Balisacan

asr-000440

My task this morning

DEPDev Secretary Arsenio M. Balisacan

asr-000441

is to provide the economic development context

DEPDev Secretary Arsenio M. Balisacan

asr-000442

for the proposed 2027 National Budget,

DEPDev Secretary Arsenio M. Balisacan

asr-000443

where the economy stands,

DEPDev Secretary Arsenio M. Balisacan

asr-000444

why growth has slowed sharply in recent quarters,

DEPDev Secretary Arsenio M. Balisacan

asr-000445

and what directions must guide

DEPDev Secretary Arsenio M. Balisacan

asr-000446

our policies and investments moving forward.

DEPDev Secretary Arsenio M. Balisacan

asr-000447

The 2027 budget must help us

DEPDev Secretary Arsenio M. Balisacan

asr-000448

protect the gains already achieved,

DEPDev Secretary Arsenio M. Balisacan

asr-000449

address critical implementations

DEPDev Secretary Arsenio M. Balisacan

asr-000450

and structural bottlenecks,

DEPDev Secretary Arsenio M. Balisacan

asr-000451

and restore the economy to a faster,

DEPDev Secretary Arsenio M. Balisacan

asr-000452

more durable, and inclusive growth path.

DEPDev Secretary Arsenio M. Balisacan

asr-000453

I will cover three areas.

DEPDev Secretary Arsenio M. Balisacan

asr-000454

First, our economic performance

DEPDev Secretary Arsenio M. Balisacan

asr-000455

and recent developments.

DEPDev Secretary Arsenio M. Balisacan

asr-000456

Second, the emerging risk

DEPDev Secretary Arsenio M. Balisacan

asr-000457

and persistent structural constraints.

DEPDev Secretary Arsenio M. Balisacan

asr-000458

And third, our outlook and priorities

DEPDev Secretary Arsenio M. Balisacan

asr-000459

for recovering growth

DEPDev Secretary Arsenio M. Balisacan

asr-000460

and laying the foundations for sustained development.

DEPDev Secretary Arsenio M. Balisacan

asr-000461

Let me begin with our economic performance.

DEPDev Secretary Arsenio M. Balisacan

asr-000462

Over the past several years,

DEPDev Secretary Arsenio M. Balisacan

asr-000463

the Philippine economy achieved important gains

DEPDev Secretary Arsenio M. Balisacan

asr-000464

in growth, employment, and poverty reduction.

DEPDev Secretary Arsenio M. Balisacan

asr-000465

More recent developments, however,

DEPDev Secretary Arsenio M. Balisacan

asr-000466

show a sharp loss of momentum.

DEPDev Secretary Arsenio M. Balisacan

asr-000467

Taking the longer view,

DEPDev Secretary Arsenio M. Balisacan

asr-000468

the Philippine economy has become stronger.

DEPDev Secretary Arsenio M. Balisacan

asr-000469

From 2010 to 2025,

DEPDev Secretary Arsenio M. Balisacan

asr-000470

real GDP grew by an average of 5.1% a year,

DEPDev Secretary Arsenio M. Balisacan

asr-000471

faster than the 4.2% average

DEPDev Secretary Arsenio M. Balisacan

asr-000472

recorded during the preceding 15 years.

DEPDev Secretary Arsenio M. Balisacan

asr-000473

Following the pandemic,

DEPDev Secretary Arsenio M. Balisacan

asr-000474

economic growth averaged 5.8%

DEPDev Secretary Arsenio M. Balisacan

asr-000475

from 2022 to 2025.

DEPDev Secretary Arsenio M. Balisacan

asr-000476

However, momentum weakened sharply

DEPDev Secretary Arsenio M. Balisacan

asr-000477

beginning in the second half of 2025,

DEPDev Secretary Arsenio M. Balisacan

asr-000478

with growth slowing further to 2.6%

DEPDev Secretary Arsenio M. Balisacan

asr-000479

in the first half of this year.

DEPDev Secretary Arsenio M. Balisacan

asr-000480

This sharp deceleration defines our immediate challenge

DEPDev Secretary Arsenio M. Balisacan

asr-000481

to recover growth without losing

DEPDev Secretary Arsenio M. Balisacan

asr-000482

the important development gains already achieved.

DEPDev Secretary Arsenio M. Balisacan

asr-000483

That milestone is the Philippines' transition

DEPDev Secretary Arsenio M. Balisacan

asr-000484

to upper middle-income status

DEPDev Secretary Arsenio M. Balisacan

asr-000485

after nearly four decades

DEPDev Secretary Arsenio M. Balisacan

asr-000486

as a lower middle-income economy.

DEPDev Secretary Arsenio M. Balisacan

asr-000487

The country's gross national income per capita,

DEPDev Secretary Arsenio M. Balisacan

asr-000488

or GNI,

DEPDev Secretary Arsenio M. Balisacan

asr-000489

reached US$4,850 in 2025,

DEPDev Secretary Arsenio M. Balisacan

asr-000490

surpassing the World Bank's threshold

DEPDev Secretary Arsenio M. Balisacan

asr-000491

of US$4,636.

DEPDev Secretary Arsenio M. Balisacan

asr-000492

As the chart on the right shows,

DEPDev Secretary Arsenio M. Balisacan

asr-000493

the Philippines has also moved closer

DEPDev Secretary Arsenio M. Balisacan

asr-000494

to its Asian peers,

DEPDev Secretary Arsenio M. Balisacan

asr-000495

although considerable income gaps remain.

DEPDev Secretary Arsenio M. Balisacan

asr-000496

Reaching upper middle-income status

DEPDev Secretary Arsenio M. Balisacan

asr-000497

is an important achievement,

DEPDev Secretary Arsenio M. Balisacan

asr-000498

but it is or it is not an end in itself.

DEPDev Secretary Arsenio M. Balisacan

asr-000499

The greater challenge is to translate this progress

DEPDev Secretary Arsenio M. Balisacan

asr-000500

into better jobs, higher incomes,

DEPDev Secretary Arsenio M. Balisacan

asr-000501

and improved living standards for Filipinos.

DEPDev Secretary Arsenio M. Balisacan

asr-000502

To do so, we must first understand the factors

DEPDev Secretary Arsenio M. Balisacan

asr-000503

behind the recent loss of economic momentum.

DEPDev Secretary Arsenio M. Balisacan

asr-000504

The sharp slowdown largely reflected

DEPDev Secretary Arsenio M. Balisacan

asr-000505

weaker domestic demand,

DEPDev Secretary Arsenio M. Balisacan

asr-000506

as governance and corruption concerns

DEPDev Secretary Arsenio M. Balisacan

asr-000507

and the Middle East conflict weighed

DEPDev Secretary Arsenio M. Balisacan

asr-000508

on consumer and business confidence.

DEPDev Secretary Arsenio M. Balisacan

asr-000509

Domestic demand grew by only 1.5%

DEPDev Secretary Arsenio M. Balisacan

asr-000510

in the first half of 2026,

DEPDev Secretary Arsenio M. Balisacan

asr-000511

down from 5.7% in the same period last year.

DEPDev Secretary Arsenio M. Balisacan

asr-000512

Investment contracted by 6.5%,

DEPDev Secretary Arsenio M. Balisacan

asr-000513

driven largely by the sharp decline

DEPDev Secretary Arsenio M. Balisacan

asr-000514

in public construction.

DEPDev Secretary Arsenio M. Balisacan

asr-000515

Household consumption growth also eased to 2.9%,

DEPDev Secretary Arsenio M. Balisacan

asr-000516

amid elevated inflation and weaker confidence.

DEPDev Secretary Arsenio M. Balisacan

asr-000517

Exports provided some support,

DEPDev Secretary Arsenio M. Balisacan

asr-000518

growing by 10%.

DEPDev Secretary Arsenio M. Balisacan

asr-000519

On the production side, however,

DEPDev Secretary Arsenio M. Balisacan

asr-000520

services remained the principal source of growth,

DEPDev Secretary Arsenio M. Balisacan

asr-000521

while industry contracted and agriculture

DEPDev Secretary Arsenio M. Balisacan

asr-000522

made only a modest contribution.

DEPDev Secretary Arsenio M. Balisacan

asr-000523

The weakening of economic activity

DEPDev Secretary Arsenio M. Balisacan

asr-000524

has also begun to affect the labour market.

DEPDev Secretary Arsenio M. Balisacan

asr-000525

The post-pandemic expansion generated 4 million net jobs

DEPDev Secretary Arsenio M. Balisacan

asr-000526

between the first half of 2022 and the first half of 2026,

DEPDev Secretary Arsenio M. Balisacan

asr-000527

demonstrating how economic growth can create opportunities

DEPDev Secretary Arsenio M. Balisacan

asr-000528

and improve livelihoods.

DEPDev Secretary Arsenio M. Balisacan

asr-000529

However, as growth slowed,

DEPDev Secretary Arsenio M. Balisacan

asr-000530

total employment declined by 166,000 in the past year.

DEPDev Secretary Arsenio M. Balisacan

asr-000531

The unemployment rate also rose to 4.2% in June 2026,

DEPDev Secretary Arsenio M. Balisacan

asr-000532

from 3.1% a year earlier.

DEPDev Secretary Arsenio M. Balisacan

asr-000533

These recent developments underscore the urgency

DEPDev Secretary Arsenio M. Balisacan

asr-000534

of restoring economic momentum

DEPDev Secretary Arsenio M. Balisacan

asr-000535

and generating more and better quality jobs.

DEPDev Secretary Arsenio M. Balisacan

asr-000536

The benefits of recent economic growth extended beyond employment,

DEPDev Secretary Arsenio M. Balisacan

asr-000537

poverty declined substantially,

DEPDev Secretary Arsenio M. Balisacan

asr-000538

regardless of the poverty threshold or norm used.

DEPDev Secretary Arsenio M. Balisacan

asr-000539

Based on the country's official poverty lines

DEPDev Secretary Arsenio M. Balisacan

asr-000540

and the preliminary estimates for 2025,

DEPDev Secretary Arsenio M. Balisacan

asr-000541

poverty incidence,

DEPDev Secretary Arsenio M. Balisacan

asr-000542

or the proportion of the population deemed poor among Filipinos,

DEPDev Secretary Arsenio M. Balisacan

asr-000543

fell from 18.1% in 2021 to 9.7% in 2025.

DEPDev Secretary Arsenio M. Balisacan

asr-000544

This means that 8.8 million Filipinos

DEPDev Secretary Arsenio M. Balisacan

asr-000545

were lifted out of poverty over this period.

DEPDev Secretary Arsenio M. Balisacan

asr-000546

These gains reflect not only the recovery of incomes and employment,

DEPDev Secretary Arsenio M. Balisacan

asr-000547

but also the sustained implementation of social protection programs.

DEPDev Secretary Arsenio M. Balisacan

asr-000548

However, these hard-won gains remain vulnerable,

DEPDev Secretary Arsenio M. Balisacan

asr-000549

particularly to high inflation,

DEPDev Secretary Arsenio M. Balisacan

asr-000550

which disproportionately affects poor and low-income households.

DEPDev Secretary Arsenio M. Balisacan

asr-000551

As Governor Remolona just mentioned,

DEPDev Secretary Arsenio M. Balisacan

asr-000552

or discussed earlier,

DEPDev Secretary Arsenio M. Balisacan

asr-000553

inflation rose sharply beginning in March,

DEPDev Secretary Arsenio M. Balisacan

asr-000554

driven largely by the effects of the Middle East conflict

DEPDev Secretary Arsenio M. Balisacan

asr-000555

on global oil and commodity prices.

DEPDev Secretary Arsenio M. Balisacan

asr-000556

Headline inflation is slightly to 6.2% in July

DEPDev Secretary Arsenio M. Balisacan

asr-000557

from 6.4% in June,

DEPDev Secretary Arsenio M. Balisacan

asr-000558

but it remains well above the government's target range.

DEPDev Secretary Arsenio M. Balisacan

asr-000559

High inflation erodes household purchasing power,

DEPDev Secretary Arsenio M. Balisacan

asr-000560

disproportionately affecting poor and low-income families.

DEPDev Secretary Arsenio M. Balisacan

asr-000561

The burden is even heavier

DEPDev Secretary Arsenio M. Balisacan

asr-000562

when food prices rise faster than non-food prices,

DEPDev Secretary Arsenio M. Balisacan

asr-000563

as food accounts for a much larger share of total consumption spending

DEPDev Secretary Arsenio M. Balisacan

asr-000564

among low-income families than among high-income families.

DEPDev Secretary Arsenio M. Balisacan

asr-000565

If inflation remains elevated,

DEPDev Secretary Arsenio M. Balisacan

asr-000566

it could slow or even reverse

DEPDev Secretary Arsenio M. Balisacan

asr-000567

our recent gains in poverty reduction.

DEPDev Secretary Arsenio M. Balisacan

asr-000568

Protecting these gains while recovering economic growth

DEPDev Secretary Arsenio M. Balisacan

asr-000569

will require us to address both emerging risk

DEPDev Secretary Arsenio M. Balisacan

asr-000570

and the economy's persistent structural constraints.

DEPDev Secretary Arsenio M. Balisacan

asr-000571

Beyond the immediate concerns of slower growth and elevated inflation,

DEPDev Secretary Arsenio M. Balisacan

asr-000572

persistent structural constraints continue to limit

DEPDev Secretary Arsenio M. Balisacan

asr-000573

the economy's productive capacity and resilience.

DEPDev Secretary Arsenio M. Balisacan

asr-000574

Let me now turn to these constraints.

DEPDev Secretary Arsenio M. Balisacan

asr-000575

A central structural challenge

DEPDev Secretary Arsenio M. Balisacan

asr-000576

is the economy's heavy reliance on household consumption

DEPDev Secretary Arsenio M. Balisacan

asr-000577

under the

DEPDev Secretary Arsenio M. Balisacan

asr-000578

side and services on the production side of the economy. Consumption remains the

DEPDev Secretary Arsenio M. Balisacan

asr-000579

principal driver of economic growth, while the contributions of fixed

DEPDev Secretary Arsenio M. Balisacan

asr-000580

investment exports, net of imports, have been relatively limited. Similarly,

DEPDev Secretary Arsenio M. Balisacan

asr-000581

services account for most of the expansion, while agriculture and industry

DEPDev Secretary Arsenio M. Balisacan

asr-000582

have contributed much less. The experience of successful economies shows

DEPDev Secretary Arsenio M. Balisacan

asr-000583

that sustained progress requires mobilizing other sources of growth,

DEPDev Secretary Arsenio M. Balisacan

asr-000584

notably investment, exports, agriculture, and industry. We must therefore broaden

DEPDev Secretary Arsenio M. Balisacan

asr-000585

the source of growth by strengthening investment and exports, while

DEPDev Secretary Arsenio M. Balisacan

asr-000586

revitalizing agriculture and industry. The urgency of this task is evident

DEPDev Secretary Arsenio M. Balisacan

asr-000587

from our performance relative to our ASEAN peers. As the charts show, the

DEPDev Secretary Arsenio M. Balisacan

asr-000588

Philippines continues to trail several neighboring economies in both

DEPDev Secretary Arsenio M. Balisacan

asr-000589

fixed investment and exports, despite improvements in recent years.

DEPDev Secretary Arsenio M. Balisacan

asr-000590

Investment expands productive capacity, facilitates the adoption of new

DEPDev Secretary Arsenio M. Balisacan

asr-000591

technologies, and creates better jobs.

DEPDev Secretary Arsenio M. Balisacan

asr-000592

Exports enable domestic firms to reach larger markets, achieve economies of

DEPDev Secretary Arsenio M. Balisacan

asr-000593

scale, and become more competitive. Mobilizing greater investment and

DEPDev Secretary Arsenio M. Balisacan

asr-000594

improving export competitiveness will depend, critically, on high quality and

DEPDev Secretary Arsenio M. Balisacan

asr-000595

reliable infrastructure. The government has substantially increased

DEPDev Secretary Arsenio M. Balisacan

asr-000596

infrastructure spending in recent years. Yet, this higher level of expenditure has

DEPDev Secretary Arsenio M. Balisacan

asr-000597

not translated for the better. The government has substantially increased infrastructure spending in recent years. Yet, this higher level of expenditure has not translated

DEPDev Secretary Arsenio M. Balisacan

asr-000598

fully into stronger infrastructure competitiveness and the Philippines continues to trail several ASEAN peers.

DEPDev Secretary Arsenio M. Balisacan

asr-000599

fully into stronger infrastructure competitiveness and the Philippines continues to trail several ASEAN peers.

DEPDev Secretary Arsenio M. Balisacan

asr-000600

This gap shows that the level of spending alone is not enough. We must also

DEPDev Secretary Arsenio M. Balisacan

asr-000601

improve project selection, appraisal, procurement, implementation, and

DEPDev Secretary Arsenio M. Balisacan

asr-000602

maintenance to ensure that public resources deliver high-quality

DEPDev Secretary Arsenio M. Balisacan

asr-000603

infrastructure on time and at reasonable cost.

DEPDev Secretary Arsenio M. Balisacan

asr-000604

Closing our infrastructure gaps will reduce production and logistic costs, connect people and markets, crowd in private investment, and strengthen the country's competitiveness.

DEPDev Secretary Arsenio M. Balisacan

asr-000605

Beyond physical infrastructure, faster growth also requires greater innovation and stronger productivity.

DEPDev Secretary Arsenio M. Balisacan

asr-000606

The Philippines has made encouraging progress in innovation, as reflected in its improved ranking in the Global Innovation Index.

DEPDev Secretary Arsenio M. Balisacan

asr-000607

However, these gains have yet to translate into stronger overall productivity, that is, how efficiently the economy combines its workers, capital, technology, and other resources to produce goods and services.

DEPDev Secretary Arsenio M. Balisacan

asr-000608

As the chart on the right shows,

DEPDev Secretary Arsenio M. Balisacan

asr-000609

our productivity performance remains weak relative to several of our regional peers.

DEPDev Secretary Arsenio M. Balisacan

asr-000610

Innovation contributes to development only when new knowledge and technologies are widely adapted by firms, farms, and workers,

DEPDev Secretary Arsenio M. Balisacan

asr-000611

and translated into more efficient production, better products, and higher value activities.

DEPDev Secretary Arsenio M. Balisacan

asr-000612

We must therefore strengthen the links among research, skills development, technology adoption,

DEPDev Secretary Arsenio M. Balisacan

asr-000613

commercialization, and production.

DEPDev Secretary Arsenio M. Balisacan

asr-000614

The weaknesses we have discussed do not arise from a single source.

DEPDev Secretary Arsenio M. Balisacan

asr-000615

They reflect persistent and interconnected constraints across markets and institutions.

DEPDev Secretary Arsenio M. Balisacan

asr-000616

These include infrastructure and human capital gaps, regulatory and administrative burdens, limited access to finance and technology,

DEPDev Secretary Arsenio M. Balisacan

asr-000617

weak competition in key sectors, and continuing governance concerns.

DEPDev Secretary Arsenio M. Balisacan

asr-000618

Together, these constraints raise the cost of doing business, discourage investment and innovation,

DEPDev Secretary Arsenio M. Balisacan

asr-000619

and limit the ability of firms and workers to move into more productive and higher-value activities.

DEPDev Secretary Arsenio M. Balisacan

asr-000620

Addressing them requires coordinated action across government in close partnership with Congress, the private sector, and other stakeholders.

DEPDev Secretary Arsenio M. Balisacan

asr-000621

Having identified these challenges,

DEPDev Secretary Arsenio M. Balisacan

asr-000622

I now turn to our growth targets and the priorities for moving the economy forward.

DEPDev Secretary Arsenio M. Balisacan

asr-000623

Our directions remain anchored in the Philippine Development Plan.

DEPDev Secretary Arsenio M. Balisacan

asr-000624

Over the Administration's final two years, the emphasis is on accelerating execution,

DEPDev Secretary Arsenio M. Balisacan

asr-000625

resolving implementation bottlenecks, and translating reforms into concrete results.

DEPDev Secretary Arsenio M. Balisacan

asr-000626

Given the sharp slowdown in recent years,

DEPDev Secretary Arsenio M. Balisacan

asr-000627

economic growth is projected at 3.5 to 4.5 percent in 2025.

DEPDev Secretary Arsenio M. Balisacan

asr-000628

With faster implementation of public programs and infrastructure projects,

DEPDev Secretary Arsenio M. Balisacan

asr-000629

improved domestic supply conditions,

DEPDev Secretary Arsenio M. Balisacan

asr-000630

and restored consumer and investor confidence,

DEPDev Secretary Arsenio M. Balisacan

asr-000631

growth is expected to recover to 5 to 6 percent in the next two years.

DEPDev Secretary Arsenio M. Balisacan

asr-000632

Inflation is expected to recover to 5 to 6 percent in the next two years.

DEPDev Secretary Arsenio M. Balisacan

asr-000633

Inflation is expected to remain elevated in 2026, as shown earlier by BSP,

DEPDev Secretary Arsenio M. Balisacan

asr-000634

eased to 4 to 5 percent in 2027,

DEPDev Secretary Arsenio M. Balisacan

asr-000635

and returned to the government's targets of 2 to 4 percent target range by 2028.

DEPDev Secretary Arsenio M. Balisacan

asr-000636

Meanwhile, employment conditions are expected to improve as economic growth recovers,

DEPDev Secretary Arsenio M. Balisacan

asr-000637

keeping unemployment within the government's target range.

DEPDev Secretary Arsenio M. Balisacan

asr-000638

Achieving these outcomes will require disciplined and coordinated execution across government,

DEPDev Secretary Arsenio M. Balisacan

asr-000639

along with the timely implementation of reforms that encourage private investment

DEPDev Secretary Arsenio M. Balisacan

asr-000640

and expand the economy's productive capacity.

DEPDev Secretary Arsenio M. Balisacan

asr-000641

These targets are attainable,

DEPDev Secretary Arsenio M. Balisacan

asr-000642

but they remain subject to significant domestic and external risk.

DEPDev Secretary Arsenio M. Balisacan

asr-000643

Achieving our growth, inflation, and employment targets

DEPDev Secretary Arsenio M. Balisacan

asr-000644

will require us to manage significant domestic and external risk.

DEPDev Secretary Arsenio M. Balisacan

asr-000645

Foremost among the domestic risks are further delays in the execution of public investments,

DEPDev Secretary Arsenio M. Balisacan

asr-000646

resulting in continued underspending,

DEPDev Secretary Arsenio M. Balisacan

asr-000647

as well as continuing governance concerns

DEPDev Secretary Arsenio M. Balisacan

asr-000648

that could further weaken consumer and investor confidence.

DEPDev Secretary Arsenio M. Balisacan

asr-000649

Severe weather disturbances could also constrain food production

DEPDev Secretary Arsenio M. Balisacan

asr-000650

and intensify inflationary pressures.

DEPDev Secretary Arsenio M. Balisacan

asr-000651

Externally, the prolonged Middle East conflict

DEPDev Secretary Arsenio M. Balisacan

asr-000652

could keep global oil and commodity prices elevated,

DEPDev Secretary Arsenio M. Balisacan

asr-000653

while geopolitical and trade tensions may weaken global demand

DEPDev Secretary Arsenio M. Balisacan

asr-000654

and disrupt supply chains.

DEPDev Secretary Arsenio M. Balisacan

asr-000655

These risks reinforce the need for timely and coordinated policies and execution

DEPDev Secretary Arsenio M. Balisacan

asr-000656

that address immediate pressures while strengthening the economy's productive capacity.

DEPDev Secretary Arsenio M. Balisacan

asr-000657

In the near term,

DEPDev Secretary Arsenio M. Balisacan

asr-000658

our priorities are to protect vulnerable households,

DEPDev Secretary Arsenio M. Balisacan

asr-000659

accelerate public investments,

DEPDev Secretary Arsenio M. Balisacan

asr-000660

and restore confidence.

DEPDev Secretary Arsenio M. Balisacan

asr-000661

First, we will caution poor and low-income families

DEPDev Secretary Arsenio M. Balisacan

asr-000662

from elevated food prices and supply disruptions

DEPDev Secretary Arsenio M. Balisacan

asr-000663

through targeted and timely assistance,

DEPDev Secretary Arsenio M. Balisacan

asr-000664

while strengthening domestic food supply and maintaining adequate buffers.

DEPDev Secretary Arsenio M. Balisacan

asr-000665

Second, implementing agencies will accelerate high-impact infrastructure projects

DEPDev Secretary Arsenio M. Balisacan

asr-000666

through catch-up plans with clear milestones and accountability measures.

DEPDev Secretary Arsenio M. Balisacan

asr-000667

This is essential to reverse underspending

DEPDev Secretary Arsenio M. Balisacan

asr-000668

and restore public investment as a driver of growth.

DEPDev Secretary Arsenio M. Balisacan

asr-000669

Third, we need to address governance and corruption concerns

DEPDev Secretary Arsenio M. Balisacan

asr-000670

by strengthening transparency and accountability,

DEPDev Secretary Arsenio M. Balisacan

asr-000671

improving monitoring,

DEPDev Secretary Arsenio M. Balisacan

asr-000672

and ensuring the efficient use of public resources.

DEPDev Secretary Arsenio M. Balisacan

asr-000673

These measures are critical to rebuilding consumer,

DEPDev Secretary Arsenio M. Balisacan

asr-000674

business, and investor confidence.

DEPDev Secretary Arsenio M. Balisacan

asr-000675

Alongside these measures,

DEPDev Secretary Arsenio M. Balisacan

asr-000676

our immediate interventions,

DEPDev Secretary Arsenio M. Balisacan

asr-000677

we must sustain investments that expand the economy's productive capacity

DEPDev Secretary Arsenio M. Balisacan

asr-000678

over the short to medium term.

DEPDev Secretary Arsenio M. Balisacan

asr-000679

Over the short to medium term,

DEPDev Secretary Arsenio M. Balisacan

asr-000680

limited public resources must be directed toward high-impact,

DEPDev Secretary Arsenio M. Balisacan

asr-000681

implementation-ready investments.

DEPDev Secretary Arsenio M. Balisacan

asr-000682

Priorities include addressing learning poverty and classroom shortages,

DEPDev Secretary Arsenio M. Balisacan

asr-000683

equipping workers with future-ready skills,

DEPDev Secretary Arsenio M. Balisacan

asr-000684

strengthening primary health care,

DEPDev Secretary Arsenio M. Balisacan

asr-000685

particularly in underserved areas,

DEPDev Secretary Arsenio M. Balisacan

asr-000686

raising farm productivity through climate-resilient technologies

DEPDev Secretary Arsenio M. Balisacan

asr-000687

and better post-harvest infrastructure,

DEPDev Secretary Arsenio M. Balisacan

asr-000688

and accelerating transport, logistics, energy,

DEPDev Secretary Arsenio M. Balisacan

asr-000689

and digital infrastructure

DEPDev Secretary Arsenio M. Balisacan

asr-000690

through the Build Better More program and public-private partnerships.

DEPDev Secretary Arsenio M. Balisacan

asr-000691

These investments must be pursued

DEPDev Secretary Arsenio M. Balisacan

asr-000692

while safeguarding fiscal sustainability.

DEPDev Secretary Arsenio M. Balisacan

asr-000693

This requires stronger coordination of planning,

DEPDev Secretary Arsenio M. Balisacan

asr-000694

investment programming,

DEPDev Secretary Arsenio M. Balisacan

asr-000695

budgeting, and execution of infrastructure and social programs,

DEPDev Secretary Arsenio M. Balisacan

asr-000696

improved spending efficiency,

DEPDev Secretary Arsenio M. Balisacan

asr-000697

modernized tax and customs administration,

DEPDev Secretary Arsenio M. Balisacan

asr-000698

and revenue measures that do not erode the government's fiscal position.

DEPDev Secretary Arsenio M. Balisacan

asr-000699

Beyond addressing immediate challenges,

DEPDev Secretary Arsenio M. Balisacan

asr-000700

sustained and structural reforms will be needed to raise productivity,

DEPDev Secretary Arsenio M. Balisacan

asr-000701

strengthen competitiveness,

DEPDev Secretary Arsenio M. Balisacan

asr-000702

and expand the economy's long-term growth potential.

DEPDev Secretary Arsenio M. Balisacan

asr-000703

Key priorities include ensuring more reliable and affordable energy

DEPDev Secretary Arsenio M. Balisacan

asr-000704

by expanding renewable generation,

DEPDev Secretary Arsenio M. Balisacan

asr-000705

modernizing the power grid,

DEPDev Secretary Arsenio M. Balisacan

asr-000706

streamlining net metering and permitting processes,

DEPDev Secretary Arsenio M. Balisacan

asr-000707

and strengthening competition in the electricity market.

DEPDev Secretary Arsenio M. Balisacan

asr-000708

Domestic production

DEPDev Secretary Arsenio M. Balisacan

asr-000709

and external competitiveness must likewise be strengthened

DEPDev Secretary Arsenio M. Balisacan

asr-000710

by moving into higher value segments of global value chains,

DEPDev Secretary Arsenio M. Balisacan

asr-000711

fostering stronger linkages between multinational and domestic firms,

DEPDev Secretary Arsenio M. Balisacan

asr-000712

sustaining the country's advantage in high-value services,

DEPDev Secretary Arsenio M. Balisacan

asr-000713

and expanding market access for Philippine exports.

DEPDev Secretary Arsenio M. Balisacan

asr-000714

Deeper financial and capital markets will also be essential

DEPDev Secretary Arsenio M. Balisacan

asr-000715

to mobilize long-term financing for infrastructure

DEPDev Secretary Arsenio M. Balisacan

asr-000716

and productive enterprises.

DEPDev Secretary Arsenio M. Balisacan

asr-000717

Legislation will be indispensable to advancing this reform agenda.

DEPDev Secretary Arsenio M. Balisacan

asr-000718

The priority measures span four broad areas.

DEPDev Secretary Arsenio M. Balisacan

asr-000719

Governance and anti-corruption reforms include measures on political dynasties,

DEPDev Secretary Arsenio M. Balisacan

asr-000720

the party-less system,

DEPDev Secretary Arsenio M. Balisacan

asr-000721

freedom of information,

DEPDev Secretary Arsenio M. Balisacan

asr-000722

bank secrecy law,

DEPDev Secretary Arsenio M. Balisacan

asr-000723

and public spending or budgeting.

DEPDev Secretary Arsenio M. Balisacan

asr-000724

Economic growth and resilience measures

DEPDev Secretary Arsenio M. Balisacan

asr-000725

cover tax reforms and amendments affecting the coconut and fisheries sectors.

DEPDev Secretary Arsenio M. Balisacan

asr-000726

Energy priorities include amendments to EPIRA

DEPDev Secretary Arsenio M. Balisacan

asr-000727

and legislation on waste to energy.

DEPDev Secretary Arsenio M. Balisacan

asr-000728

Measures on education, health, and social protection

DEPDev Secretary Arsenio M. Balisacan

asr-000729

seek to improve nutrition, accelerate classroom production,

DEPDev Secretary Arsenio M. Balisacan

asr-000730

expand access to education,

DEPDev Secretary Arsenio M. Balisacan

asr-000731

and strengthen assistance for vulnerable Filipinos.

DEPDev Secretary Arsenio M. Balisacan

asr-000732

Congress' continued partnership will be critical to advancing these reforms,

DEPDev Secretary Arsenio M. Balisacan

asr-000733

sustaining growth, and improving Filipino lives.

DEPDev Secretary Arsenio M. Balisacan

asr-000734

As we enter the final years of the administration,

DEPDev Secretary Arsenio M. Balisacan

asr-000735

the objective is to turn reforms into results.

DEPDev Secretary Arsenio M. Balisacan

asr-000736

We will consolidate our gains,

DEPDev Secretary Arsenio M. Balisacan

asr-000737

address critical implementation bottlenecks,

DEPDev Secretary Arsenio M. Balisacan

asr-000738

and advance strategic measures

DEPDev Secretary Arsenio M. Balisacan

asr-000739

to deliver people-centered growth

DEPDev Secretary Arsenio M. Balisacan

asr-000740

and a more inclusive and resilient future.

DEPDev Secretary Arsenio M. Balisacan

asr-000741

Thank you.

Rep. Mikaela Angela B. Suansing

asr-000742

Thank you very much, Secretary Balisacan.

Rep. Mikaela Angela B. Suansing

asr-000743

We'll now move to the presentation from the Department of Finance.

Rep. Mikaela Angela B. Suansing

asr-000744

May I now recognize the Honorable Secretary Frederick Go

Rep. Mikaela Angela B. Suansing

asr-000745

for the presentation of the DOF family.

DOF Secretary Frederick D. Go

asr-000746

Good morning.

DOF Secretary Frederick D. Go

asr-000747

The honorable speaker, Bodjie Dy III,

DOF Secretary Frederick D. Go

asr-000748

Chair Mika Suansing,

DOF Secretary Frederick D. Go

asr-000749

Senior Vice Chair Abed Garcia,

DOF Secretary Frederick D. Go

asr-000750

Majority Floor Leader Marcos,

DOF Secretary Frederick D. Go

asr-000751

all the honorable members of this committee,

DOF Secretary Frederick D. Go

asr-000752

thank you for this opportunity to brief the House of Representatives

DOF Secretary Frederick D. Go

asr-000753

on the national government's fiscal position.

DOF Secretary Frederick D. Go

asr-000754

Our fiscal position today has been shaped by key economic developments,

DOF Secretary Frederick D. Go

asr-000755

from the circumstances this administration inherited

DOF Secretary Frederick D. Go

asr-000756

to the global conditions that have influenced our fiscal path since then.

DOF Secretary Frederick D. Go

asr-000757

Allow me to discuss briefly,

DOF Secretary Frederick D. Go

asr-000758

to provide context to where we are today

DOF Secretary Frederick D. Go

asr-000759

and where we are headed.

DOF Secretary Frederick D. Go

asr-000760

When the Marcos Jr. administration assumed office in 2022,

DOF Secretary Frederick D. Go

asr-000761

it inherited a massive 12.79 trillion debt,

DOF Secretary Frederick D. Go

asr-000762

the bulk of which was incurred from pandemic spending.

DOF Secretary Frederick D. Go

asr-000763

So when the economy began to recover,

DOF Secretary Frederick D. Go

asr-000764

the challenge before the administration was clear.

DOF Secretary Frederick D. Go

asr-000765

To rebuild fiscal space,

DOF Secretary Frederick D. Go

asr-000766

the government began to invest in the economy

DOF Secretary Frederick D. Go

asr-000767

while continuing to support economic recovery

DOF Secretary Frederick D. Go

asr-000768

and investing in the country's long-term growth.

DOF Secretary Frederick D. Go

asr-000769

As a response,

DOF Secretary Frederick D. Go

asr-000770

we crafted the country's medium-term fiscal framework in 2022.

DOF Secretary Frederick D. Go

asr-000771

The government's blueprint for gradually reducing our deficit and debt

DOF Secretary Frederick D. Go

asr-000772

while creating more jobs,

DOF Secretary Frederick D. Go

asr-000773

increasing people's incomes,

DOF Secretary Frederick D. Go

asr-000774

and reducing poverty.

DOF Secretary Frederick D. Go

asr-000775

It set us on a path of gradual and sustained fiscal consolidation

DOF Secretary Frederick D. Go

asr-000776

to restore fiscal space

DOF Secretary Frederick D. Go

asr-000777

while continuing to invest in the foundations of growth.

DOF Secretary Frederick D. Go

asr-000778

But our recovery has not happened in an easy environment.

DOF Secretary Frederick D. Go

asr-000779

Over the years,

DOF Secretary Frederick D. Go

asr-000780

external pressures and global uncertainties

DOF Secretary Frederick D. Go

asr-000781

have disrupted supply chains and pushed inflation up,

DOF Secretary Frederick D. Go

asr-000782

affecting the pace of growth.

DOF Secretary Frederick D. Go

asr-000783

In this context,

DOF Secretary Frederick D. Go

asr-000784

we had to recalibrate our growth and fiscal targets

DOF Secretary Frederick D. Go

asr-000785

to keep them realistic and responsive

DOF Secretary Frederick D. Go

asr-000786

to evolving economic conditions.

DOF Secretary Frederick D. Go

asr-000787

But the direction of our fiscal policy

DOF Secretary Frederick D. Go

asr-000788

has remained consistent.

DOF Secretary Frederick D. Go

asr-000789

The administration has remained committed

DOF Secretary Frederick D. Go

asr-000790

to the path of fiscal consolidation

DOF Secretary Frederick D. Go

asr-000791

with the goal of bringing down

DOF Secretary Frederick D. Go

asr-000792

the deficit to GDP ratio

DOF Secretary Frederick D. Go

asr-000793

from 5.4% this year

DOF Secretary Frederick D. Go

asr-000794

to just 3.5% by 2030

DOF Secretary Frederick D. Go

asr-000795

while supporting growth.

DOF Secretary Frederick D. Go

asr-000796

To stay the course amid growing political tensions

DOF Secretary Frederick D. Go

asr-000797

and the need to fund the government's priority programs

DOF Secretary Frederick D. Go

asr-000798

without relying on new taxes,

DOF Secretary Frederick D. Go

asr-000799

we strengthened revenues.

DOF Secretary Frederick D. Go

asr-000800

Total revenues grew double digits

DOF Secretary Frederick D. Go

asr-000801

at an annual average of 10.5%

DOF Secretary Frederick D. Go

asr-000802

over the last four years.

DOF Secretary Frederick D. Go

asr-000803

As tax revenues likewise increased

DOF Secretary Frederick D. Go

asr-000804

by an average of 10.47%

DOF Secretary Frederick D. Go

asr-000805

over the same period.

DOF Secretary Frederick D. Go

asr-000806

And finally,

DOF Secretary Frederick D. Go

asr-000807

for the first time in history,

DOF Secretary Frederick D. Go

asr-000808

in 2025,

DOF Secretary Frederick D. Go

asr-000809

the BIR surpassed 3 trillion pesos

DOF Secretary Frederick D. Go

asr-000810

in tax collections.

DOF Secretary Frederick D. Go

asr-000811

And we continue to stay the course

DOF Secretary Frederick D. Go

asr-000812

to meet our fiscal program for the year.

DOF Secretary Frederick D. Go

asr-000813

As of June 2026,

DOF Secretary Frederick D. Go

asr-000814

we have reached 49.7%

DOF Secretary Frederick D. Go

asr-000815

of our full-year target.

DOF Secretary Frederick D. Go

asr-000816

Despite global shocks and external pressures,

DOF Secretary Frederick D. Go

asr-000817

tax collections reached 2.14 trillion pesos

DOF Secretary Frederick D. Go

asr-000818

in the first half of the year,

DOF Secretary Frederick D. Go

asr-000819

5.4% higher than the same period last year.

DOF Secretary Frederick D. Go

asr-000820

The robust revenue performance

DOF Secretary Frederick D. Go

asr-000821

at 16.6% of GDP

DOF Secretary Frederick D. Go

asr-000822

is among the highest in Southeast Asia.

DOF Secretary Frederick D. Go

asr-000823

This reflects the continued efforts

DOF Secretary Frederick D. Go

asr-000824

of the BIR and BOC

DOF Secretary Frederick D. Go

asr-000825

to strengthen collection,

DOF Secretary Frederick D. Go

asr-000826

improve compliance,

DOF Secretary Frederick D. Go

asr-000827

and plug leakages.

DOF Secretary Frederick D. Go

asr-000828

As you can see from the slide,

DOF Secretary Frederick D. Go

asr-000829

the Philippines at 16.6%

DOF Secretary Frederick D. Go

asr-000830

revenue effort is better than Malaysia,

DOF Secretary Frederick D. Go

asr-000831

Singapore, Thailand, and Indonesia.

DOF Secretary Frederick D. Go

asr-000832

The Bureau of Customs,

DOF Secretary Frederick D. Go

asr-000833

in particular this year,

DOF Secretary Frederick D. Go

asr-000834

is on track to reach the 1 trillion peso mark

DOF Secretary Frederick D. Go

asr-000835

in collections.

DOF Secretary Frederick D. Go

asr-000836

With the BIR and BOC's

DOF Secretary Frederick D. Go

asr-000837

continued strong performance,

DOF Secretary Frederick D. Go

asr-000838

we expect total national government tax revenues

DOF Secretary Frederick D. Go

asr-000839

to reach 4.4 trillion pesos

DOF Secretary Frederick D. Go

asr-000840

by the end of 2026.

DOF Secretary Frederick D. Go

asr-000841

As the country's needs continue to grow,

DOF Secretary Frederick D. Go

asr-000842

we are also mobilizing additional sources of revenues

DOF Secretary Frederick D. Go

asr-000843

to help fund government priorities.

DOF Secretary Frederick D. Go

asr-000844

One important source is the privatization

DOF Secretary Frederick D. Go

asr-000845

of idle or non-core government assets.

DOF Secretary Frederick D. Go

asr-000846

We privatized

DOF Secretary Frederick D. Go

asr-000847

the 797-megawatt Kaliraya-Botocan-Kalayaan

DOF Secretary Frederick D. Go

asr-000848

hydroelectric power plant in 2025

DOF Secretary Frederick D. Go

asr-000849

with 36.27 billion pesos

DOF Secretary Frederick D. Go

asr-000850

in sale proceeds accruing in 2026.

DOF Secretary Frederick D. Go

asr-000851

These proceeds will be included

DOF Secretary Frederick D. Go

asr-000852

in the calculation of PESOM's

DOF Secretary Frederick D. Go

asr-000853

dividend remittance

DOF Secretary Frederick D. Go

asr-000854

to the national government in 2027.

DOF Secretary Frederick D. Go

asr-000855

In July 2026,

DOF Secretary Frederick D. Go

asr-000856

the DOF,

DOF Secretary Frederick D. Go

asr-000857

through the Privatization

DOF Secretary Frederick D. Go

asr-000858

and Management Office,

DOF Secretary Frederick D. Go

asr-000859

also successfully completed

DOF Secretary Frederick D. Go

asr-000860

the 1 billion peso sale

DOF Secretary Frederick D. Go

asr-000861

of government-owned properties

DOF Secretary Frederick D. Go

asr-000862

at the atrium of Makati,

DOF Secretary Frederick D. Go

asr-000863

covering 24 condominium units.

DOF Secretary Frederick D. Go

asr-000864

These transactions demonstrate

DOF Secretary Frederick D. Go

asr-000865

how we are unlocking value

DOF Secretary Frederick D. Go

asr-000866

from government assets

DOF Secretary Frederick D. Go

asr-000867

and ensuring that they support

DOF Secretary Frederick D. Go

asr-000868

the government's fiscal requirements.

DOF Secretary Frederick D. Go

asr-000869

In addition to privatization,

DOF Secretary Frederick D. Go

asr-000870

we are also maximizing returns

DOF Secretary Frederick D. Go

asr-000871

from government-owned

DOF Secretary Frederick D. Go

asr-000872

or controlled corporations.

DOF Secretary Frederick D. Go

asr-000873

This year,

DOF Secretary Frederick D. Go

asr-000874

as we have last year,

DOF Secretary Frederick D. Go

asr-000875

we have called on GOCCs

DOF Secretary Frederick D. Go

asr-000876

to continue remitting dividends

DOF Secretary Frederick D. Go

asr-000877

at 75% of their annual net earnings

DOF Secretary Frederick D. Go

asr-000878

to the national government.

DOF Secretary Frederick D. Go

asr-000879

Disbursements for the first half of 2026

DOF Secretary Frederick D. Go

asr-000880

amounted to 3.175 trillion

DOF Secretary Frederick D. Go

asr-000881

or 49% of the full program.

DOF Secretary Frederick D. Go

asr-000882

As resources are limited

DOF Secretary Frederick D. Go

asr-000883

and the country's needs continue to grow,

DOF Secretary Frederick D. Go

asr-000884

we must be more deliberate

DOF Secretary Frederick D. Go

asr-000885

in directing public funds

DOF Secretary Frederick D. Go

asr-000886

towards higher quality expenditures

DOF Secretary Frederick D. Go

asr-000887

with greater multiplier effects.

DOF Secretary Frederick D. Go

asr-000888

Those that strengthen productive capacity,

DOF Secretary Frederick D. Go

asr-000889

stimulate economic activity,

DOF Secretary Frederick D. Go

asr-000890

and deliver long-term benefits

DOF Secretary Frederick D. Go

asr-000891

to the people.

DOF Secretary Frederick D. Go

asr-000892

The objective is not to spend less,

DOF Secretary Frederick D. Go

asr-000893

it is to spend better.

DOF Secretary Frederick D. Go

asr-000894

Because of these efforts,

DOF Secretary Frederick D. Go

asr-000895

our fiscal deficit

DOF Secretary Frederick D. Go

asr-000896

has continued to narrow.

DOF Secretary Frederick D. Go

asr-000897

From 8.6% in 2021

DOF Secretary Frederick D. Go

asr-000898

and 7.3% in 2022,

DOF Secretary Frederick D. Go

asr-000899

we have consistently brought down

DOF Secretary Frederick D. Go

asr-000900

the fiscal deficit

DOF Secretary Frederick D. Go

asr-000901

to 5.6%

DOF Secretary Frederick D. Go

asr-000902

over the last four years.

DOF Secretary Frederick D. Go

asr-000903

And we continue to make progress

DOF Secretary Frederick D. Go

asr-000904

this 2026

DOF Secretary Frederick D. Go

asr-000905

despite the economic shocks

DOF Secretary Frederick D. Go

asr-000906

that we have faced,

DOF Secretary Frederick D. Go

asr-000907

including those arising

DOF Secretary Frederick D. Go

asr-000908

from the conflict in the Middle East.

DOF Secretary Frederick D. Go

asr-000909

In the first half,

DOF Secretary Frederick D. Go

asr-000910

our deficit-to-GDP ratio

DOF Secretary Frederick D. Go

asr-000911

improved to 5.46%

DOF Secretary Frederick D. Go

asr-000912

compared with 5.65%

DOF Secretary Frederick D. Go

asr-000913

in the same period last year.

DOF Secretary Frederick D. Go

asr-000914

And we remain on track

DOF Secretary Frederick D. Go

asr-000915

to meet our fiscal deficit target

DOF Secretary Frederick D. Go

asr-000916

for 2026.

DOF Secretary Frederick D. Go

asr-000917

We project a deficit-to-GDP ratio

DOF Secretary Frederick D. Go

asr-000918

of 5.44%

DOF Secretary Frederick D. Go

asr-000919

in the second half of 2026,

DOF Secretary Frederick D. Go

asr-000920

bringing the full year

DOF Secretary Frederick D. Go

asr-000921

to 5.45%

DOF Secretary Frederick D. Go

asr-000922

our lowest deficit-to-GDP ratio

DOF Secretary Frederick D. Go

asr-000923

since the start of the administration.

DOF Secretary Frederick D. Go

asr-000924

This continued reduction

DOF Secretary Frederick D. Go

asr-000925

in the deficit

DOF Secretary Frederick D. Go

asr-000926

is an important indicator

DOF Secretary Frederick D. Go

asr-000927

that the fiscal discipline

DOF Secretary Frederick D. Go

asr-000928

we are pursuing

DOF Secretary Frederick D. Go

asr-000929

is translating into concrete results.

DOF Secretary Frederick D. Go

asr-000930

And because we continue to manage

DOF Secretary Frederick D. Go

asr-000931

our fiscal deficit responsibly,

DOF Secretary Frederick D. Go

asr-000932

our debt levels remain sustainable.

DOF Secretary Frederick D. Go

asr-000933

In 2025,

DOF Secretary Frederick D. Go

asr-000934

the national government debt

DOF Secretary Frederick D. Go

asr-000935

stood at 63.2% of GDP,

DOF Secretary Frederick D. Go

asr-000936

while the general government debt

DOF Secretary Frederick D. Go

asr-000937

finished at 56.8% of GDP,

DOF Secretary Frederick D. Go

asr-000938

well below the 70% international benchmark

DOF Secretary Frederick D. Go

asr-000939

by the World Bank

DOF Secretary Frederick D. Go

asr-000940

for debt sustainability

DOF Secretary Frederick D. Go

asr-000941

and within a manageable range

DOF Secretary Frederick D. Go

asr-000942

compared to other emerging economies.

DOF Secretary Frederick D. Go

asr-000943

Just a point I'd like to raise

DOF Secretary Frederick D. Go

asr-000944

or stress is that

DOF Secretary Frederick D. Go

asr-000945

the definition of the 70% threshold

DOF Secretary Frederick D. Go

asr-000946

is based on general government debt

DOF Secretary Frederick D. Go

asr-000947

to GDP,

DOF Secretary Frederick D. Go

asr-000948

which we are at 56.8%.

DOF Secretary Frederick D. Go

asr-000949

More importantly,

DOF Secretary Frederick D. Go

asr-000950

on our debt,

DOF Secretary Frederick D. Go

asr-000951

we have maintained

DOF Secretary Frederick D. Go

asr-000952

a prudent debt mix,

DOF Secretary Frederick D. Go

asr-000953

predominantly domestic debt,

DOF Secretary Frederick D. Go

asr-000954

predominantly carrying

DOF Secretary Frederick D. Go

asr-000955

fixed interest rates,

DOF Secretary Frederick D. Go

asr-000956

and predominantly structured

DOF Secretary Frederick D. Go

asr-000957

with long repayment terms.

DOF Secretary Frederick D. Go

asr-000958

First,

DOF Secretary Frederick D. Go

asr-000959

67% of our outstanding debt

DOF Secretary Frederick D. Go

asr-000960

is domestic.

DOF Secretary Frederick D. Go

asr-000961

This reduces our exposure

DOF Secretary Frederick D. Go

asr-000962

to foreign exchange risks,

DOF Secretary Frederick D. Go

asr-000963

while also supporting

DOF Secretary Frederick D. Go

asr-000964

the continued development

DOF Secretary Frederick D. Go

asr-000965

of our local capital market.

DOF Secretary Frederick D. Go

asr-000966

Second,

DOF Secretary Frederick D. Go

asr-000967

90% of our debt

DOF Secretary Frederick D. Go

asr-000968

carries fixed interest rates.

DOF Secretary Frederick D. Go

asr-000969

This provides greater certainty

DOF Secretary Frederick D. Go

asr-000970

in our debt servicing costs

DOF Secretary Frederick D. Go

asr-000971

and shields us from sudden increases

DOF Secretary Frederick D. Go

asr-000972

or fluctuations in global interest rates.

DOF Secretary Frederick D. Go

asr-000973

And third,

DOF Secretary Frederick D. Go

asr-000974

84.1% of our debt

DOF Secretary Frederick D. Go

asr-000975

has long-term repayment periods,

DOF Secretary Frederick D. Go

asr-000976

meaning we have several years

DOF Secretary Frederick D. Go

asr-000977

before these obligations fall due.

DOF Secretary Frederick D. Go

asr-000978

This longer maturity profile

DOF Secretary Frederick D. Go

asr-000979

reduces our refinancing risks

DOF Secretary Frederick D. Go

asr-000980

and gives us greater predictability

DOF Secretary Frederick D. Go

asr-000981

in managing our debt obligations.

DOF Secretary Frederick D. Go

asr-000982

This strategic borrowing mix

DOF Secretary Frederick D. Go

asr-000983

by our Bureau of Treasury

DOF Secretary Frederick D. Go

asr-000984

strengthens our resilience

DOF Secretary Frederick D. Go

asr-000985

to external shocks

DOF Secretary Frederick D. Go

asr-000986

and makes our debt obligations

DOF Secretary Frederick D. Go

asr-000987

more predictable and manageable

DOF Secretary Frederick D. Go

asr-000988

over the long term.

DOF Secretary Frederick D. Go

asr-000989

And the market,

DOF Secretary Frederick D. Go

asr-000990

the global markets assessment

DOF Secretary Frederick D. Go

asr-000991

of our fiscal fundamentals

DOF Secretary Frederick D. Go

asr-000992

is also reflected

DOF Secretary Frederick D. Go

asr-000993

in the confidence

DOF Secretary Frederick D. Go

asr-000994

of international investors.

DOF Secretary Frederick D. Go

asr-000995

Our sovereign credit

DOF Secretary Frederick D. Go

asr-000996

ratings remain

DOF Secretary Frederick D. Go

asr-000997

at investment-grade levels.

DOF Secretary Frederick D. Go

asr-000998

We have two A-minus ratings

DOF Secretary Frederick D. Go

asr-000999

from Japanese credit rating agencies

DOF Secretary Frederick D. Go

asr-001000

and the equivalent of BBB

DOF Secretary Frederick D. Go

asr-001001

or BBB Plus

DOF Secretary Frederick D. Go

asr-001002

from the global rating agencies.

DOF Secretary Frederick D. Go

asr-001003

This reflects continued confidence

DOF Secretary Frederick D. Go

asr-001004

in the country's economic fundamentals

DOF Secretary Frederick D. Go

asr-001005

and our capacity

DOF Secretary Frederick D. Go

asr-001006

to manage our public's finances.

DOF Secretary Frederick D. Go

asr-001007

Higher credit ratings reflect

DOF Secretary Frederick D. Go

asr-001008

minimal default risk

DOF Secretary Frederick D. Go

asr-001009

signaling lenders to offer

DOF Secretary Frederick D. Go

asr-001010

lower interest rates.

DOF Secretary Frederick D. Go

asr-001011

When the country can borrow

DOF Secretary Frederick D. Go

asr-001012

at lower interest rates,

DOF Secretary Frederick D. Go

asr-001013

private businesses and consumers

DOF Secretary Frederick D. Go

asr-001014

can also borrow

DOF Secretary Frederick D. Go

asr-001015

at lower interest rates.

DOF Secretary Frederick D. Go

asr-001016

We have also seen progress

DOF Secretary Frederick D. Go

asr-001017

in our integration

DOF Secretary Frederick D. Go

asr-001018

into global capital markets.

DOF Secretary Frederick D. Go

asr-001019

With the upcoming historic debut

DOF Secretary Frederick D. Go

asr-001020

of our peso-denominated

DOF Secretary Frederick D. Go

asr-001021

government bonds

DOF Secretary Frederick D. Go

asr-001022

in the J.P. Morgan's

DOF Secretary Frederick D. Go

asr-001023

Government Bond Index,

DOF Secretary Frederick D. Go

asr-001024

we will be the first

DOF Secretary Frederick D. Go

asr-001025

government bond index

DOF Secretary Frederick D. Go

asr-001026

emerging markets

DOF Secretary Frederick D. Go

asr-001027

in January 2027.

DOF Secretary Frederick D. Go

asr-001028

This is significant

DOF Secretary Frederick D. Go

asr-001029

because this is our first-ever inclusion

DOF Secretary Frederick D. Go

asr-001030

in a major global bond index.

DOF Secretary Frederick D. Go

asr-001031

And again,

DOF Secretary Frederick D. Go

asr-001032

this reflects a strong

DOF Secretary Frederick D. Go

asr-001033

vote of confidence

DOF Secretary Frederick D. Go

asr-001034

in our solid fundamentals

DOF Secretary Frederick D. Go

asr-001035

and fiscal discipline.

DOF Secretary Frederick D. Go

asr-001036

As we widen our investor base,

DOF Secretary Frederick D. Go

asr-001037

this will strengthen demand

DOF Secretary Frederick D. Go

asr-001038

for Philippine government securities,

DOF Secretary Frederick D. Go

asr-001039

improve market liquidity,

DOF Secretary Frederick D. Go

asr-001040

support the development

DOF Secretary Frederick D. Go

asr-001041

of our capital market,

DOF Secretary Frederick D. Go

asr-001042

and help lower borrowing costs

DOF Secretary Frederick D. Go

asr-001043

for the government over time.

DOF Secretary Frederick D. Go

asr-001044

In 2027,

DOF Secretary Frederick D. Go

asr-001045

when we project borrowing requirements

DOF Secretary Frederick D. Go

asr-001046

to reach 3.3 trillion pesos,

DOF Secretary Frederick D. Go

asr-001047

we will carry the same principles

DOF Secretary Frederick D. Go

asr-001048

of our debt strategy

DOF Secretary Frederick D. Go

asr-001049

into our borrowing program

DOF Secretary Frederick D. Go

asr-001050

and make it even more sustainable.

DOF Secretary Frederick D. Go

asr-001051

We are increasing the share

DOF Secretary Frederick D. Go

asr-001052

of domestic borrowing

DOF Secretary Frederick D. Go

asr-001053

to 72%,

DOF Secretary Frederick D. Go

asr-001054

which means around 2.4 trillion pesos

DOF Secretary Frederick D. Go

asr-001055

will be sourced

DOF Secretary Frederick D. Go

asr-001056

from the domestic market,

DOF Secretary Frederick D. Go

asr-001057

while the remaining 28%,

DOF Secretary Frederick D. Go

asr-001058

or around 915 billion,

DOF Secretary Frederick D. Go

asr-001059

will come from external sources,

DOF Secretary Frederick D. Go

asr-001060

such as loans and global bonds.

DOF Secretary Frederick D. Go

asr-001061

This borrowing strategy

DOF Secretary Frederick D. Go

asr-001062

allows us to keep

DOF Secretary Frederick D. Go

asr-001063

the cost of borrowing low

DOF Secretary Frederick D. Go

asr-001064

while helping broaden

DOF Secretary Frederick D. Go

asr-001065

our investor base,

DOF Secretary Frederick D. Go

asr-001066

maintain access

DOF Secretary Frederick D. Go

asr-001067

to key international markets,

DOF Secretary Frederick D. Go

asr-001068

and support the continued development

DOF Secretary Frederick D. Go

asr-001069

of our local bond market.

DOF Secretary Frederick D. Go

asr-001070

With tax collections projected to grow

DOF Secretary Frederick D. Go

asr-001071

by an average of 9% annually

DOF Secretary Frederick D. Go

asr-001072

from 2026 to 2028,

DOF Secretary Frederick D. Go

asr-001073

total revenues is targeted

DOF Secretary Frederick D. Go

asr-001074

to reach 5.5 trillion pesos

DOF Secretary Frederick D. Go

asr-001075

by the end of the President's term.

DOF Secretary Frederick D. Go

asr-001076

By 2030,

DOF Secretary Frederick D. Go

asr-001077

we expect total revenues

DOF Secretary Frederick D. Go

asr-001078

to exceed 6 trillion.

DOF Secretary Frederick D. Go

asr-001079

This means our revenue agencies

DOF Secretary Frederick D. Go

asr-001080

will have to raise the bar

DOF Secretary Frederick D. Go

asr-001081

even further.

DOF Secretary Frederick D. Go

asr-001082

The BIR and BOC

DOF Secretary Frederick D. Go

asr-001083

will need to continue

DOF Secretary Frederick D. Go

asr-001084

improving efficiency,

DOF Secretary Frederick D. Go

asr-001085

strengthening compliance,

DOF Secretary Frederick D. Go

asr-001086

and leveraging technology

DOF Secretary Frederick D. Go

asr-001087

to sustain faster growth

DOF Secretary Frederick D. Go

asr-001088

in collections.

DOF Secretary Frederick D. Go

asr-001089

Coupled with stronger

DOF Secretary Frederick D. Go

asr-001090

collection efforts,

DOF Secretary Frederick D. Go

asr-001091

we are looking to pursue reforms

DOF Secretary Frederick D. Go

asr-001092

that will make our revenue system

DOF Secretary Frederick D. Go

asr-001093

more efficient,

DOF Secretary Frederick D. Go

asr-001094

equitable,

DOF Secretary Frederick D. Go

asr-001095

and sustainable.

DOF Secretary Frederick D. Go

asr-001096

We are promoting growth

DOF Secretary Frederick D. Go

asr-001097

revenue and equity

DOF Secretary Frederick D. Go

asr-001098

towards socio-economic stability,

DOF Secretary Frederick D. Go

asr-001099

sustainability,

DOF Secretary Frederick D. Go

asr-001100

or progress

DOF Secretary Frederick D. Go

asr-001101

through a comprehensive reform package

DOF Secretary Frederick D. Go

asr-001102

that provides targeted tax relief

DOF Secretary Frederick D. Go

asr-001103

while strengthening revenues

DOF Secretary Frederick D. Go

asr-001104

from products with social,

DOF Secretary Frederick D. Go

asr-001105

environmental,

DOF Secretary Frederick D. Go

asr-001106

and health costs.

DOF Secretary Frederick D. Go

asr-001107

We likewise expect more revenues

DOF Secretary Frederick D. Go

asr-001108

from the proposed

DOF Secretary Frederick D. Go

asr-001109

multinational minimum tax bill,

DOF Secretary Frederick D. Go

asr-001110

which will preserve our taxing rights

DOF Secretary Frederick D. Go

asr-001111

and ensure that taxes arising

DOF Secretary Frederick D. Go

asr-001112

from economic activity

DOF Secretary Frederick D. Go

asr-001113

in the Philippines

DOF Secretary Frederick D. Go

asr-001114

are collected here.

DOF Secretary Frederick D. Go

asr-001115

And the General Tax Amnesty Bill

DOF Secretary Frederick D. Go

asr-001116

mentioned by the President in his SONA

DOF Secretary Frederick D. Go

asr-001117

to encourage the settlement

DOF Secretary Frederick D. Go

asr-001118

of outstanding tax obligations,

DOF Secretary Frederick D. Go

asr-001119

improve compliance,

DOF Secretary Frederick D. Go

asr-001120

and bring more taxpayers

DOF Secretary Frederick D. Go

asr-001121

into the formal tax system.

DOF Secretary Frederick D. Go

asr-001122

Disbursements will grow moderately

DOF Secretary Frederick D. Go

asr-001123

from 2026 to 2028.

DOF Secretary Frederick D. Go

asr-001124

We must be more deliberate

DOF Secretary Frederick D. Go

asr-001125

about where we put our resources,

DOF Secretary Frederick D. Go

asr-001126

prioritizing investments

DOF Secretary Frederick D. Go

asr-001127

that strengthen productive capacity,

DOF Secretary Frederick D. Go

asr-001128

support long-term growth,

DOF Secretary Frederick D. Go

asr-001129

and deliver tangible benefits

DOF Secretary Frederick D. Go

asr-001130

to our people.

DOF Secretary Frederick D. Go

asr-001131

We must focus on programs

DOF Secretary Frederick D. Go

asr-001132

and investments that generate

DOF Secretary Frederick D. Go

asr-001133

the greatest economic

DOF Secretary Frederick D. Go

asr-001134

and social returns,

DOF Secretary Frederick D. Go

asr-001135

particularly in critical infrastructure,

DOF Secretary Frederick D. Go

asr-001136

health,

DOF Secretary Frederick D. Go

asr-001137

education,

DOF Secretary Frederick D. Go

asr-001138

and other areas

DOF Secretary Frederick D. Go

asr-001139

that support long-term growth.

DOF Secretary Frederick D. Go

asr-001140

As revenues grow faster

DOF Secretary Frederick D. Go

asr-001141

than disbursements,

DOF Secretary Frederick D. Go

asr-001142

we see a clear and sustained path

DOF Secretary Frederick D. Go

asr-001143

towards fiscal consolidation.

DOF Secretary Frederick D. Go

asr-001144

The deficit-to-GDP ratio

DOF Secretary Frederick D. Go

asr-001145

is projected to steadily decline

DOF Secretary Frederick D. Go

asr-001146

from 5.4% in 2026

DOF Secretary Frederick D. Go

asr-001147

to 3.5% by 2030,

DOF Secretary Frederick D. Go

asr-001148

putting us on a progressively stronger

DOF Secretary Frederick D. Go

asr-001149

fiscal footing through 2030.

DOF Secretary Frederick D. Go

asr-001150

This improving fiscal trajectory

DOF Secretary Frederick D. Go

asr-001151

is also reflected in our debt outlook.

DOF Secretary Frederick D. Go

asr-001152

From 2026 to 2030,

DOF Secretary Frederick D. Go

asr-001153

both national government

DOF Secretary Frederick D. Go

asr-001154

and general government debt ratios

DOF Secretary Frederick D. Go

asr-001155

are projected to decrease gradually.

DOF Secretary Frederick D. Go

asr-001156

National government debt

DOF Secretary Frederick D. Go

asr-001157

is projected to ease

DOF Secretary Frederick D. Go

asr-001158

from 65% to 63% in 2030,

DOF Secretary Frederick D. Go

asr-001159

while general government debt

DOF Secretary Frederick D. Go

asr-001160

is expected to decline

DOF Secretary Frederick D. Go

asr-001161

from 59% to 56%

DOF Secretary Frederick D. Go

asr-001162

over the same period.

DOF Secretary Frederick D. Go

asr-001163

As we look ahead,

DOF Secretary Frederick D. Go

asr-001164

the path we had laid out

DOF Secretary Frederick D. Go

asr-001165

is clear.

DOF Secretary Frederick D. Go

asr-001166

We assure the honorable members

DOF Secretary Frederick D. Go

asr-001167

of this Chamber

DOF Secretary Frederick D. Go

asr-001168

that the economic team

DOF Secretary Frederick D. Go

asr-001169

will continue to strengthen revenues,

DOF Secretary Frederick D. Go

asr-001170

manage expenditures responsibly,

DOF Secretary Frederick D. Go

asr-001171

reduce the deficit,

DOF Secretary Frederick D. Go

asr-001172

and keep our debt

DOF Secretary Frederick D. Go

asr-001173

on a sustainable path.

DOF Secretary Frederick D. Go

asr-001174

At the same time,

DOF Secretary Frederick D. Go

asr-001175

we are building fiscal buffers

DOF Secretary Frederick D. Go

asr-001176

that will give us room

DOF Secretary Frederick D. Go

asr-001177

to respond to future shocks

DOF Secretary Frederick D. Go

asr-001178

without compromising

DOF Secretary Frederick D. Go

asr-001179

our long-term fiscal sustainability.

DOF Secretary Frederick D. Go

asr-001180

We look forward

DOF Secretary Frederick D. Go

asr-001181

to working closely with Congress

DOF Secretary Frederick D. Go

asr-001182

to ensure that

DOF Secretary Frederick D. Go

asr-001183

ensure that the government lives within its means.

DOF Secretary Frederick D. Go

asr-001184

This means making difficult choices, prioritizing programs and investments with the greatest

DOF Secretary Frederick D. Go

asr-001185

impact, and ensuring that new spending commitments are matched by sustainable sources of funding.

DOF Secretary Frederick D. Go

asr-001186

Most importantly, let us continue to ensure that every peso of public fund works for the

DOF Secretary Frederick D. Go

asr-001187

Filipino people.

DOF Secretary Frederick D. Go

asr-001188

And our national budget can work harder when we invest in programs and projects that can

DOF Secretary Frederick D. Go

asr-001189

help shape our future.

DOF Secretary Frederick D. Go

asr-001190

The government must continue to address the immediate needs of our people, but we must

DOF Secretary Frederick D. Go

asr-001191

look beyond the present and invest in higher, multiplier programs and projects that create

DOF Secretary Frederick D. Go

asr-001192

lasting economic value, those that create jobs, raise incomes, and build a stronger

DOF Secretary Frederick D. Go

asr-001193

economy tomorrow.

DOF Secretary Frederick D. Go

asr-001194

Well-chosen

DOF Secretary Frederick D. Go

asr-001195

infrastructure, for example, does more than address today's needs.

DOF Secretary Frederick D. Go

asr-001196

It can generate economic activity, connect communities, attract private investment, and

DOF Secretary Frederick D. Go

asr-001197

deliver benefits for many years to come.

DOF Secretary Frederick D. Go

asr-001198

Let us work together to make the 2027 National Budget count and ensure that its benefits

DOF Secretary Frederick D. Go

asr-001199

ripple through generations.

DOF Secretary Frederick D. Go

asr-001200

This is the fiscal discipline we owe to the Filipino people.

DOF Secretary Frederick D. Go

asr-001201

Maraming salamat po.

Rep. Mikaela Angela B. Suansing

asr-001202

Thank you very much, Secretary Frederick Go, for that presentation.

Rep. Mikaela Angela B. Suansing

asr-001203

We will now move to the final presentation.

Rep. Mikaela Angela B. Suansing

asr-001204

From the Department of Budget and Management, may now recognize the Honorable Secretary Kim

Rep. Mikaela Angela B. Suansing

asr-001205

Robert C. de Leon.

Acting DBM Secretary Kim Robert C. De Leon

asr-001206

To House Speaker Bodjie Dy III, the Majority Leader, the Minority Leader, House

Acting DBM Secretary Kim Robert C. De Leon

asr-001207

Committee on Appropriations Chairperson Mikaela Angela Suansing, Vice Chairwoman Angela D.

Acting DBM Secretary Kim Robert C. De Leon

asr-001208

Suansing, Vice Chairpersons of the Committee on Appropriations, Honorable Members of the

Acting DBM Secretary Kim Robert C. De Leon

asr-001209

20th Congress, my fellow economic managers and colleagues in government, isang mapagpalang araw po sa ating lahat. As acting Secretary

Acting DBM Secretary Kim Robert C. De Leon

asr-001210

of the Department of Budget and Management and Chair of the Development Budget Coordination

Acting DBM Secretary Kim Robert C. De Leon

asr-001211

Committee, it is my honor to present the key dimensions and priorities of the Fiscal Year

Acting DBM Secretary Kim Robert C. De Leon

asr-001212

2027 National Expenditure Program.

Acting DBM Secretary Kim Robert C. De Leon

asr-001213

Thank you.

Acting DBM Secretary Kim Robert C. De Leon

asr-001214

Thank you, Secretary.

Acting DBM Secretary Kim Robert C. De Leon

asr-001215

Thank you, Secretary.

Acting DBM Secretary Kim Robert C. De Leon

asr-001216

Thank you, Secretary.

Acting DBM Secretary Kim Robert C. De Leon

asr-001217

Thank you.

Acting DBM Secretary Kim Robert C. De Leon

asr-001218

Thank you.

Acting DBM Secretary Kim Robert C. De Leon

asr-001219

Let us now begin.

Acting DBM Secretary Kim Robert C. De Leon

asr-001220

The National Expenditure Program.

Acting DBM Secretary Kim Robert C. De Leon

asr-001221

Today, we are not simply presenting a 7.2 trillion peso spending plan.

Acting DBM Secretary Kim Robert C. De Leon

asr-001222

We are presenting the results of months of careful review, difficult choices and rigorous

Acting DBM Secretary Kim Robert C. De Leon

asr-001223

prioritization, determining what government must fund, what the country urgently needs,

Acting DBM Secretary Kim Robert C. De Leon

asr-001224

what agencies are ready to implement and what our fiscal space can responsibly support.

Acting DBM Secretary Kim Robert C. De Leon

asr-001225

With the theme of People-Centered Grants.

Acting DBM Secretary Kim Robert C. De Leon

asr-001226

growth for an inclusive and resilient future the proposed national budget reflects our vision of

Acting DBM Secretary Kim Robert C. De Leon

asr-001227

economic growth that is measured not only by stronger macroeconomic indicators but ultimately

Acting DBM Secretary Kim Robert C. De Leon

asr-001228

by better lives for every filipino this budget is the product of the tireless work and dedication

Acting DBM Secretary Kim Robert C. De Leon

asr-001229

of our fellow public servants at the dbm and across the departments and agencies of the

Acting DBM Secretary Kim Robert C. De Leon

asr-001230

executive branch and let me emphasize that arriving at this budget was not a simple exercise

Acting DBM Secretary Kim Robert C. De Leon

asr-001231

of adding up agency requests for fiscal year 2027 we received more than 11 trillion pesos in budget

Acting DBM Secretary Kim Robert C. De Leon

asr-001232

proposals from different government agencies for possible inclusion in the nep but our total

Acting DBM Secretary Kim Robert C. De Leon

asr-001233

expenditure program is 7.2 trillion

Acting DBM Secretary Kim Robert C. De Leon

asr-001234

pesos clearly we could not accommodate every request we therefore had to carefully and

Acting DBM Secretary Kim Robert C. De Leon

asr-001235

thoroughly deliberate on these proposals looking at their alignment with the president's priorities

Acting DBM Secretary Kim Robert C. De Leon

asr-001236

in the philippine development plan implementation readiness absorptive capacity and past performance

Acting DBM Secretary Kim Robert C. De Leon

asr-001237

project maturity expected outcomes and overall value to the filipino people

Acting DBM Secretary Kim Robert C. De Leon

asr-001238

the nep is not the only project that has been implemented in the philippine development plan

Acting DBM Secretary Kim Robert C. De Leon

asr-001239

implementation

Acting DBM Secretary Kim Robert C. De Leon

asr-001240

the nep is not a compilation of everything government agencies asked for it is the result of choices and prioritization within the fiscal space available to government in simpler terms the nep is never a wish list it is a prioritized spending plan

Acting DBM Secretary Kim Robert C. De Leon

asr-001241

guided by the clear direction of our president every effort was made to ensure that this budget

Acting DBM Secretary Kim Robert C. De Leon

asr-001242

delivers real and meaningful benefits to every filipino

Acting DBM Secretary Kim Robert C. De Leon

asr-001243

every region

Acting DBM Secretary Kim Robert C. De Leon

asr-001244

and every community through to the spirit of our vision of bawat bayan maki kinabang

Acting DBM Secretary Kim Robert C. De Leon

asr-001245

the proposed 7.2 trillion peso national budget is equivalent to 21.7 percent of gdp

Acting DBM Secretary Kim Robert C. De Leon

asr-001246

and is 407 billion peso or 6 higher than the fiscal year 2026 budget the bulk of the increase

Acting DBM Secretary Kim Robert C. De Leon

asr-001247

comes from mandatory requirements and existing fiscal obligations

Acting DBM Secretary Kim Robert C. De Leon

asr-001248

including higher national tax allotment for our local government units,

Acting DBM Secretary Kim Robert C. De Leon

asr-001249

the fourth tranche of salary adjustment for civilian government employees under EO No. 64,

Acting DBM Secretary Kim Robert C. De Leon

asr-001250

the corresponding salary adjustments for our military and uniformed personnel,

Acting DBM Secretary Kim Robert C. De Leon

asr-001251

and our other fiscal obligations of the government.

Acting DBM Secretary Kim Robert C. De Leon

asr-001252

At the same time, we are making critical investments in people, infrastructure,

Acting DBM Secretary Kim Robert C. De Leon

asr-001253

resilience, and public services to sustain economic growth.

Acting DBM Secretary Kim Robert C. De Leon

asr-001254

The 6% increase does not mean that every agency or every program received a corresponding increase.

Acting DBM Secretary Kim Robert C. De Leon

asr-001255

Every peso still had to compete for limited fiscal space,

Acting DBM Secretary Kim Robert C. De Leon

asr-001256

and every major expenditure had to be justified.

Acting DBM Secretary Kim Robert C. De Leon

asr-001257

Fundamentally, this budget is people-centered, inclusive, and resilient.

Acting DBM Secretary Kim Robert C. De Leon

asr-001258

It invests in every Filipino,

Acting DBM Secretary Kim Robert C. De Leon

asr-001259

extends opportunities,

Acting DBM Secretary Kim Robert C. De Leon

asr-001260

contributes to every sector and every region,

Acting DBM Secretary Kim Robert C. De Leon

asr-001261

and strengthens our nation's capacity to withstand future challenges

Acting DBM Secretary Kim Robert C. De Leon

asr-001262

so that progress is not only sustained but shared by all.

Acting DBM Secretary Kim Robert C. De Leon

asr-001263

Guided by this vision,

Acting DBM Secretary Kim Robert C. De Leon

asr-001264

please allow me to present the dimensions and highlights of the Fiscal Year 2027 National Expenditure Program.

Acting DBM Secretary Kim Robert C. De Leon

asr-001265

First and foremost,

Acting DBM Secretary Kim Robert C. De Leon

asr-001266

this budget remains anchored in a disciplined, rules-based appropriations framework.

Acting DBM Secretary Kim Robert C. De Leon

asr-001267

The proposed budget,

Acting DBM Secretary Kim Robert C. De Leon

asr-001268

is composed of two main sources.

Acting DBM Secretary Kim Robert C. De Leon

asr-001269

Programmed appropriations of 4.494 trillion pesos,

Acting DBM Secretary Kim Robert C. De Leon

asr-001270

which fund the priority programs, projects, and operations of government.

Acting DBM Secretary Kim Robert C. De Leon

asr-001271

And automatic appropriations of 2.706 trillion pesos,

Acting DBM Secretary Kim Robert C. De Leon

asr-001272

which covers expenditures mandated under existing laws.

Acting DBM Secretary Kim Robert C. De Leon

asr-001273

Among the major automatic appropriations are

Acting DBM Secretary Kim Robert C. De Leon

asr-001274

1.32 trillion pesos,

Acting DBM Secretary Kim Robert C. De Leon

asr-001275

1.32 trillion pesos,

Acting DBM Secretary Kim Robert C. De Leon

asr-001276

for national tax allotment of local government units,

Acting DBM Secretary Kim Robert C. De Leon

asr-001277

1.114 trillion pesos,

Acting DBM Secretary Kim Robert C. De Leon

asr-001278

for interest payments,

Acting DBM Secretary Kim Robert C. De Leon

asr-001279

104.2 billion pesos,

Acting DBM Secretary Kim Robert C. De Leon

asr-001280

for the annual block grant of the Bangsamoro Autonomous Region in Musly, Mindanao,

Acting DBM Secretary Kim Robert C. De Leon

asr-001281

and 89 billion for retirement and life insurance premiums of national government employees.

Acting DBM Secretary Kim Robert C. De Leon

asr-001282

This demonstrates that a considerable portion

Acting DBM Secretary Kim Robert C. De Leon

asr-001283

of the 7.2 trillion peso budget is already determined by laws,

Acting DBM Secretary Kim Robert C. De Leon

asr-001284

formula, and existing obligations before government even begins deciding

Acting DBM Secretary Kim Robert C. De Leon

asr-001285

which new or expanded programs to fund.

Acting DBM Secretary Kim Robert C. De Leon

asr-001286

Meanwhile,

Acting DBM Secretary Kim Robert C. De Leon

asr-001287

unprogrammed appropriations have been significantly reduced to just 112 billion pesos,

Acting DBM Secretary Kim Robert C. De Leon

asr-001288

the lowest NEP proposal nominally since 2019,

Acting DBM Secretary Kim Robert C. De Leon

asr-001289

and at only 1.56% of the total expenditure program,

Acting DBM Secretary Kim Robert C. De Leon

asr-001290

likewise the lowest UA to total expenditure program ratio since 1991.

Acting DBM Secretary Kim Robert C. De Leon

asr-001291

And for the benefit of our kababayans who are watching this briefing live,

Acting DBM Secretary Kim Robert C. De Leon

asr-001292

please allow me to note that the inclusion of unprogrammed appropriations in the budget

Acting DBM Secretary Kim Robert C. De Leon

asr-001293

does not mean that the amount is automatically available for release.

Acting DBM Secretary Kim Robert C. De Leon

asr-001294

It is a standby spending authority for specifically identified purposes

Acting DBM Secretary Kim Robert C. De Leon

asr-001295

that may be accessed only when the funding conditions prescribed by law are satisfied.

Acting DBM Secretary Kim Robert C. De Leon

asr-001296

For fiscal year 2027,

Acting DBM Secretary Kim Robert C. De Leon

asr-001297

the proposed UA has been deliberately narrowed primarily to finance,

Acting DBM Secretary Kim Robert C. De Leon

asr-001298

partially the restoration of the fund balance previously remitted by the Philippine Deposit Insurance Corporation,

Acting DBM Secretary Kim Robert C. De Leon

asr-001299

as well as to support foreign-assisted projects,

Acting DBM Secretary Kim Robert C. De Leon

asr-001300

which are still currently being assessed and evaluated by the Investment Coordination Committee

Acting DBM Secretary Kim Robert C. De Leon

asr-001301

and eventually for approval by the ED Council.

Acting DBM Secretary Kim Robert C. De Leon

asr-001302

This reflects the administration's conscious policy choice

Acting DBM Secretary Kim Robert C. De Leon

asr-001303

to put more expenditures under programmed appropriations

Acting DBM Secretary Kim Robert C. De Leon

asr-001304

where funding is clearer and more predictable

Acting DBM Secretary Kim Robert C. De Leon

asr-001305

while keeping standby appropriations to the minimum necessary.

Acting DBM Secretary Kim Robert C. De Leon

asr-001306

The proposed fiscal year 2027

Acting DBM Secretary Kim Robert C. De Leon

asr-001307

national budget was prepared on the basis of agencies' funding requirements

Acting DBM Secretary Kim Robert C. De Leon

asr-001308

and with close consideration of their budget utilization and implementation capacity.

Acting DBM Secretary Kim Robert C. De Leon

asr-001309

As of June 30, 2026,

Acting DBM Secretary Kim Robert C. De Leon

asr-001310

total available appropriations had reached P7.54 trillion,

Acting DBM Secretary Kim Robert C. De Leon

asr-001311

of which P6.63 trillion had already been released

Acting DBM Secretary Kim Robert C. De Leon

asr-001312

as allotments to various agencies,

Acting DBM Secretary Kim Robert C. De Leon

asr-001313

including P546.79 billion from continuing appropriations from fiscal year 2025.

Acting DBM Secretary Kim Robert C. De Leon

asr-001314

Of these allotments,

Acting DBM Secretary Kim Robert C. De Leon

asr-001315

agencies had already obligated P3.29 trillion or 49.5%,

Acting DBM Secretary Kim Robert C. De Leon

asr-001316

comprising P3.13 trillion from fiscal year 2026 appropriations

Acting DBM Secretary Kim Robert C. De Leon

asr-001317

and P158.58 billion from fiscal year 2025 continuing appropriations.

Acting DBM Secretary Kim Robert C. De Leon

asr-001318

In terms of disbursements,

Acting DBM Secretary Kim Robert C. De Leon

asr-001319

81.9% of the reported obligations have been paid.

Acting DBM Secretary Kim Robert C. De Leon

asr-001320

Meanwhile, unreleased appropriations amounted to P820.21 billion

Acting DBM Secretary Kim Robert C. De Leon

asr-001321

as of June 30 from the fiscal year 2026 GAA

Acting DBM Secretary Kim Robert C. De Leon

asr-001322

and P89.7 billion

Acting DBM Secretary Kim Robert C. De Leon

asr-001323

from fiscal year 2025 continuing appropriations.

Acting DBM Secretary Kim Robert C. De Leon

asr-001324

These data have guided our budget preparation process

Acting DBM Secretary Kim Robert C. De Leon

asr-001325

and reinforced the need to align future allocations

Acting DBM Secretary Kim Robert C. De Leon

asr-001326

with agencies' implementation capacity.

Acting DBM Secretary Kim Robert C. De Leon

asr-001327

This reflects our commitment to ensuring that budgets

Acting DBM Secretary Kim Robert C. De Leon

asr-001328

are not only approved and released,

Acting DBM Secretary Kim Robert C. De Leon

asr-001329

but effectively implemented,

Acting DBM Secretary Kim Robert C. De Leon

asr-001330

because every peso delivers its true value

Acting DBM Secretary Kim Robert C. De Leon

asr-001331

only when it is translated into timely,

Acting DBM Secretary Kim Robert C. De Leon

asr-001332

measurable, and meaningful outcomes for the Filipino people.

Acting DBM Secretary Kim Robert C. De Leon

asr-001333

By expense class,

Acting DBM Secretary Kim Robert C. De Leon

asr-001334

the proposed fiscal year 2027 budget

Acting DBM Secretary Kim Robert C. De Leon

asr-001335

reflects a disciplined spending strategy

Acting DBM Secretary Kim Robert C. De Leon

asr-001336

to sustain government operations,

Acting DBM Secretary Kim Robert C. De Leon

asr-001337

invest in long-term development,

Acting DBM Secretary Kim Robert C. De Leon

asr-001338

and fulfill our fiscal obligations.

Acting DBM Secretary Kim Robert C. De Leon

asr-001339

Maintenance and other operating expenses, or MOOE,

Acting DBM Secretary Kim Robert C. De Leon

asr-001340

will receive P2.944 trillion.

Acting DBM Secretary Kim Robert C. De Leon

asr-001341

In addition,

Acting DBM Secretary Kim Robert C. De Leon

asr-001342

the proposed fiscal year 2027 budget

Acting DBM Secretary Kim Robert C. De Leon

asr-001343

reflects a 1.2% decrease from the fiscal year 2027 GAA

Acting DBM Secretary Kim Robert C. De Leon

asr-001344

despite the 6% overall increase in the national budget.

Acting DBM Secretary Kim Robert C. De Leon

asr-001345

In absolute terms,

Acting DBM Secretary Kim Robert C. De Leon

asr-001346

MOOE actually decreases by P36.2 billion.

Acting DBM Secretary Kim Robert C. De Leon

asr-001347

This shows that growth of the budget is not driven

Acting DBM Secretary Kim Robert C. De Leon

asr-001348

by a broad expansion in operating expenditures.

Acting DBM Secretary Kim Robert C. De Leon

asr-001349

We have allocated P1.982 trillion

Acting DBM Secretary Kim Robert C. De Leon

asr-001350

for personnel services,

Acting DBM Secretary Kim Robert C. De Leon

asr-001351

an increase of P138.2 billion,

Acting DBM Secretary Kim Robert C. De Leon

asr-001352

or 7.5%,

Acting DBM Secretary Kim Robert C. De Leon

asr-001353

to support the public servants who deliver education,

Acting DBM Secretary Kim Robert C. De Leon

asr-001354

health care, public safety, national defense,

Acting DBM Secretary Kim Robert C. De Leon

asr-001355

and other essential services.

Acting DBM Secretary Kim Robert C. De Leon

asr-001356

This also reflects salary adjustments

Acting DBM Secretary Kim Robert C. De Leon

asr-001357

and other personnel requirements

Acting DBM Secretary Kim Robert C. De Leon

asr-001358

already committed by the government.

Acting DBM Secretary Kim Robert C. De Leon

asr-001359

Notably, PS and MOOE remain fully covered

Acting DBM Secretary Kim Robert C. De Leon

asr-001360

by our projected revenues,

Acting DBM Secretary Kim Robert C. De Leon

asr-001361

reinforcing our commitment to fiscal discipline.

Acting DBM Secretary Kim Robert C. De Leon

asr-001362

Meanwhile, capital outlays increased to P1.16 trillion,

Acting DBM Secretary Kim Robert C. De Leon

asr-001363

up by P140.8 billion, or 13.8%,

Acting DBM Secretary Kim Robert C. De Leon

asr-001364

allowing government to invest in infrastructure,

Acting DBM Secretary Kim Robert C. De Leon

asr-001365

equipment, facilities, and other assets

Acting DBM Secretary Kim Robert C. De Leon

asr-001366

with long-term economic and social value.

Acting DBM Secretary Kim Robert C. De Leon

asr-001367

Financial expenses amount to P1.114 trillion,

Acting DBM Secretary Kim Robert C. De Leon

asr-001368

up by P164.3 billion, or 17.3%,

Acting DBM Secretary Kim Robert C. De Leon

asr-001369

primarily reflecting interest payments.

Acting DBM Secretary Kim Robert C. De Leon

asr-001370

Allow me to briefly note the context

Acting DBM Secretary Kim Robert C. De Leon

asr-001371

behind the increase in interest payments.

Acting DBM Secretary Kim Robert C. De Leon

asr-001372

A higher interest bill does not by itself mean

Acting DBM Secretary Kim Robert C. De Leon

asr-001373

that our debt has become unmanageable.

Acting DBM Secretary Kim Robert C. De Leon

asr-001374

Our debt remains manageable,

Acting DBM Secretary Kim Robert C. De Leon

asr-001375

as previously mentioned by the Secretary of Finance,

Acting DBM Secretary Kim Robert C. De Leon

asr-001376

and debt servicing is explicitly provided for in the budget.

Acting DBM Secretary Kim Robert C. De Leon

asr-001377

At the same time, our medium-term fiscal program

Acting DBM Secretary Kim Robert C. De Leon

asr-001378

is designed to gradually narrow the deficit

Acting DBM Secretary Kim Robert C. De Leon

asr-001379

while protecting growth-enhancing

Acting DBM Secretary Kim Robert C. De Leon

asr-001380

and socially important expenditures.

Acting DBM Secretary Kim Robert C. De Leon

asr-001381

Our approach is therefore not to sacrifice growth

Acting DBM Secretary Kim Robert C. De Leon

asr-001382

simply to reduce the deficit overnight.

Acting DBM Secretary Kim Robert C. De Leon

asr-001383

We are pursuing a strategic and gradual fiscal consolidation path

Acting DBM Secretary Kim Robert C. De Leon

asr-001384

that allows us to honor our obligations,

Acting DBM Secretary Kim Robert C. De Leon

asr-001385

maintain fiscal credibility,

Acting DBM Secretary Kim Robert C. De Leon

asr-001386

and continue investing in our people and our economy.

Acting DBM Secretary Kim Robert C. De Leon

asr-001387

The proposed national budget will be allocated across five sectors,

Acting DBM Secretary Kim Robert C. De Leon

asr-001388

with the largest share, P34.1%,

Acting DBM Secretary Kim Robert C. De Leon

asr-001389

or P2.456 trillion going to social services.

Acting DBM Secretary Kim Robert C. De Leon

asr-001390

This finances investments that Filipinos encounter directly

Acting DBM Secretary Kim Robert C. De Leon

asr-001391

in their everyday lives.

Acting DBM Secretary Kim Robert C. De Leon

asr-001392

Education, health, social protection,

Acting DBM Secretary Kim Robert C. De Leon

asr-001393

employment, housing, and other essential services.

Acting DBM Secretary Kim Robert C. De Leon

asr-001394

Economic services will receive 25.5%,

Acting DBM Secretary Kim Robert C. De Leon

asr-001395

or P1.833 trillion,

Acting DBM Secretary Kim Robert C. De Leon

asr-001396

supporting infrastructure, agriculture,

Acting DBM Secretary Kim Robert C. De Leon

asr-001397

transportation, water resources,

Acting DBM Secretary Kim Robert C. De Leon

asr-001398

digital connectivity, and other productivity-enhancing investments.

Acting DBM Secretary Kim Robert C. De Leon

asr-001399

General public services will receive 18.3%,

Acting DBM Secretary Kim Robert C. De Leon

asr-001400

or P1.317 trillion,

Acting DBM Secretary Kim Robert C. De Leon

asr-001401

while defense will receive 6.3%,

Acting DBM Secretary Kim Robert C. De Leon

asr-001402

or P452.4 billion,

Acting DBM Secretary Kim Robert C. De Leon

asr-001403

as we strengthen our capacity to protect our territory,

Acting DBM Secretary Kim Robert C. De Leon

asr-001404

our communities, and our people.

Acting DBM Secretary Kim Robert C. De Leon

asr-001405

Meanwhile, 15.9%, or P1.143 trillion,

Acting DBM Secretary Kim Robert C. De Leon

asr-001406

is allocated for debt burden,

Acting DBM Secretary Kim Robert C. De Leon

asr-001407

covering interest payments and net lending

Acting DBM Secretary Kim Robert C. De Leon

asr-001408

to government corporations.

Acting DBM Secretary Kim Robert C. De Leon

asr-001409

Again, debt service should be viewed in its proper context.

Acting DBM Secretary Kim Robert C. De Leon

asr-001410

Meeting our obligations protects the government's creditworthiness,

Acting DBM Secretary Kim Robert C. De Leon

asr-001411

preserves investor confidence,

Acting DBM Secretary Kim Robert C. De Leon

asr-001412

and helps keep financing available for future public investments.

Acting DBM Secretary Kim Robert C. De Leon

asr-001413

The important point is balance.

Acting DBM Secretary Kim Robert C. De Leon

asr-001414

We honor what we owe while continuing to invest

Acting DBM Secretary Kim Robert C. De Leon

asr-001415

in what our people need.

Acting DBM Secretary Kim Robert C. De Leon

asr-001416

By recipient unit,

Acting DBM Secretary Kim Robert C. De Leon

asr-001417

national government agencies will receive the largest share

Acting DBM Secretary Kim Robert C. De Leon

asr-001418

at P4.332 trillion,

Acting DBM Secretary Kim Robert C. De Leon

asr-001419

enabling them to implement priority programs and projects nationwide.

Acting DBM Secretary Kim Robert C. De Leon

asr-001420

But even as NGAs receive the largest nominal share,

Acting DBM Secretary Kim Robert C. De Leon

asr-001421

their allocation grows by only 4.5%,

Acting DBM Secretary Kim Robert C. De Leon

asr-001422

below the overall 6% growth of the national budget,

Acting DBM Secretary Kim Robert C. De Leon

asr-001423

again reflecting restraint in national government spending.

Acting DBM Secretary Kim Robert C. De Leon

asr-001424

Local government units will receive P1.533 trillion,

Acting DBM Secretary Kim Robert C. De Leon

asr-001425

recognizing their critical role in delivering frontline services

Acting DBM Secretary Kim Robert C. De Leon

asr-001426

and responding to the needs of local communities.

Acting DBM Secretary Kim Robert C. De Leon

asr-001427

A major component is the P1.32 trillion NTA,

Acting DBM Secretary Kim Robert C. De Leon

asr-001428

compared with around P1.191 trillion this year,

Acting DBM Secretary Kim Robert C. De Leon

asr-001429

an increase of roughly P129.3 billion

Acting DBM Secretary Kim Robert C. De Leon

asr-001430

flowing directly to our local government units.

Acting DBM Secretary Kim Robert C. De Leon

asr-001431

We have also provided P220.5 billion for GOCCs

Acting DBM Secretary Kim Robert C. De Leon

asr-001432

and P1.14 trillion for interest payments.

Acting DBM Secretary Kim Robert C. De Leon

asr-001433

This distribution shows that the budget is not concentrated

Acting DBM Secretary Kim Robert C. De Leon

asr-001434

solely in the national bureaucracy.

Acting DBM Secretary Kim Robert C. De Leon

asr-001435

A substantial and growing amount is being transferred to the local level

Acting DBM Secretary Kim Robert C. De Leon

asr-001436

where many government services are actually delivered to our citizens.

Acting DBM Secretary Kim Robert C. De Leon

asr-001437

This brings us to another important dimension

Acting DBM Secretary Kim Robert C. De Leon

asr-001438

of the budget, where the money will go.

Acting DBM Secretary Kim Robert C. De Leon

asr-001439

Of the proposed fiscal year 2027 national budget,

Acting DBM Secretary Kim Robert C. De Leon

asr-001440

P4.603 trillion or 63.9% will be directly allocated

Acting DBM Secretary Kim Robert C. De Leon

asr-001441

to the regions to support programs and projects

Acting DBM Secretary Kim Robert C. De Leon

asr-001442

responsive to local development priorities.

Acting DBM Secretary Kim Robert C. De Leon

asr-001443

Of this amount, National Capital Region will receive P1.112 trillion,

Acting DBM Secretary Kim Robert C. De Leon

asr-001444

Luzon at P1.659 trillion,

Acting DBM Secretary Kim Robert C. De Leon

asr-001445

Visayas at P744.8 billion,

Acting DBM Secretary Kim Robert C. De Leon

asr-001446

and Mindanao at P1.088 trillion.

Acting DBM Secretary Kim Robert C. De Leon

asr-001447

The remaining 36.1% or P2.597 trillion

Acting DBM Secretary Kim Robert C. De Leon

asr-001448

constitutes the non-regionalized budget.

Acting DBM Secretary Kim Robert C. De Leon

asr-001449

This consists of nationwide allocations

Acting DBM Secretary Kim Robert C. De Leon

asr-001450

amounting to P1.983 trillion or 27.5%

Acting DBM Secretary Kim Robert C. De Leon

asr-001451

and central office allocations totaling

Acting DBM Secretary Kim Robert C. De Leon

asr-001452

to P213.8 billion or 8.5%.

Acting DBM Secretary Kim Robert C. De Leon

asr-001453

But nationwide should not be mistaken for Metro Manila.

Acting DBM Secretary Kim Robert C. De Leon

asr-001454

These include resources that will eventually benefit regions

Acting DBM Secretary Kim Robert C. De Leon

asr-001455

and beneficiaries across the country

Acting DBM Secretary Kim Robert C. De Leon

asr-001456

but cannot yet be geographically assigned

Acting DBM Secretary Kim Robert C. De Leon

asr-001457

at the time the NEP is prepared.

Acting DBM Secretary Kim Robert C. De Leon

asr-001458

The broader direction is that the majority of the budget

Acting DBM Secretary Kim Robert C. De Leon

asr-001459

is intended to reach our regions and communities.

Acting DBM Secretary Kim Robert C. De Leon

asr-001460

This is what we mean when we say

Acting DBM Secretary Kim Robert C. De Leon

asr-001461

Bawat Bayan Makikinabang.

Acting DBM Secretary Kim Robert C. De Leon

asr-001462

With the overall framework and dimensions of the budget laid out,

Acting DBM Secretary Kim Robert C. De Leon

asr-001463

let us now look more closely at where some of our biggest investments will go.

Acting DBM Secretary Kim Robert C. De Leon

asr-001464

The Department of Education will receive the highest allocation

Acting DBM Secretary Kim Robert C. De Leon

asr-001465

at P975.96 billion,

Acting DBM Secretary Kim Robert C. De Leon

asr-001466

affirming the government's enduring commitment

Acting DBM Secretary Kim Robert C. De Leon

asr-001467

to investing in our people.

Acting DBM Secretary Kim Robert C. De Leon

asr-001468

But beyond basic education,

Acting DBM Secretary Kim Robert C. De Leon

asr-001469

the proposed budget allocates

Acting DBM Secretary Kim Robert C. De Leon

asr-001470

P176.5 billion for higher education

Acting DBM Secretary Kim Robert C. De Leon

asr-001471

to ensure that more Filipinos have access to quality

Acting DBM Secretary Kim Robert C. De Leon

asr-001472

and affordable tertiary education.

Acting DBM Secretary Kim Robert C. De Leon

asr-001473

Altogether, the proposed investment in basic and higher education

Acting DBM Secretary Kim Robert C. De Leon

asr-001474

amounts to P1.326 trillion,

Acting DBM Secretary Kim Robert C. De Leon

asr-001475

equivalent to nearly 4% of GDP,

Acting DBM Secretary Kim Robert C. De Leon

asr-001476

effectively reaching the lower bound

Acting DBM Secretary Kim Robert C. De Leon

asr-001477

of the UNESCO Education 2030 benchmark

Acting DBM Secretary Kim Robert C. De Leon

asr-001478

of 4-6%.

Acting DBM Secretary Kim Robert C. De Leon

asr-001479

Within these totals are very concrete investments.

Acting DBM Secretary Kim Robert C. De Leon

asr-001480

We are proposing P12.09 billion

Acting DBM Secretary Kim Robert C. De Leon

asr-001481

for the expanded career progression system

Acting DBM Secretary Kim Robert C. De Leon

asr-001482

for public school teachers,

Acting DBM Secretary Kim Robert C. De Leon

asr-001483

nearly double the fiscal year 2026 level,

Acting DBM Secretary Kim Robert C. De Leon

asr-001484

to support the reclassification

Acting DBM Secretary Kim Robert C. De Leon

asr-001485

and career advancement of our teachers.

Acting DBM Secretary Kim Robert C. De Leon

asr-001486

This reflects an increase of P5.94 billion

Acting DBM Secretary Kim Robert C. De Leon

asr-001487

or 96.6% from the fiscal year 2026 level.

Acting DBM Secretary Kim Robert C. De Leon

asr-001488

We are providing P10.36 billion

Acting DBM Secretary Kim Robert C. De Leon

asr-001489

for the teaching allowance,

Acting DBM Secretary Kim Robert C. De Leon

asr-001490

sustaining the P10,000 allowance provided

Acting DBM Secretary Kim Robert C. De Leon

asr-001491

under the Kabalikat sa Pagtuturo Act.

Acting DBM Secretary Kim Robert C. De Leon

asr-001492

For tertiary education,

Acting DBM Secretary Kim Robert C. De Leon

asr-001493

P61.1 billion is provided

Acting DBM Secretary Kim Robert C. De Leon

asr-001494

for the universal access

Acting DBM Secretary Kim Robert C. De Leon

asr-001495

to quality tertiary education

Acting DBM Secretary Kim Robert C. De Leon

asr-001496

across SUCs,

Acting DBM Secretary Kim Robert C. De Leon

asr-001497

CHED, and TESDA,

Acting DBM Secretary Kim Robert C. De Leon

asr-001498

supporting free higher education,

Acting DBM Secretary Kim Robert C. De Leon

asr-001499

tertiary education subsidies,

Acting DBM Secretary Kim Robert C. De Leon

asr-001500

and free technical vocational education.

Acting DBM Secretary Kim Robert C. De Leon

asr-001501

More than maintaining institutions,

Acting DBM Secretary Kim Robert C. De Leon

asr-001502

these investments focus more

Acting DBM Secretary Kim Robert C. De Leon

asr-001503

on addressing learning losses,

Acting DBM Secretary Kim Robert C. De Leon

asr-001504

supporting our teachers,

Acting DBM Secretary Kim Robert C. De Leon

asr-001505

keeping young Filipinos in school,

Acting DBM Secretary Kim Robert C. De Leon

asr-001506

improving skills,

Acting DBM Secretary Kim Robert C. De Leon

asr-001507

and building the human capital

Acting DBM Secretary Kim Robert C. De Leon

asr-001508

that will determine our country's competitiveness

Acting DBM Secretary Kim Robert C. De Leon

asr-001509

for decades to come.

Acting DBM Secretary Kim Robert C. De Leon

asr-001510

Now, let's look more closely

Acting DBM Secretary Kim Robert C. De Leon

asr-001511

at where the money goes

Acting DBM Secretary Kim Robert C. De Leon

asr-001512

and which priorities receive

Acting DBM Secretary Kim Robert C. De Leon

asr-001513

the largest departmental allocations.

Acting DBM Secretary Kim Robert C. De Leon

asr-001514

The 10 departments with the largest allocations

Acting DBM Secretary Kim Robert C. De Leon

asr-001515

account for 51.4%

Acting DBM Secretary Kim Robert C. De Leon

asr-001516

of the proposed national budget,

Acting DBM Secretary Kim Robert C. De Leon

asr-001517

reflecting the administration's major priorities

Acting DBM Secretary Kim Robert C. De Leon

asr-001518

for fiscal year 2027.

Acting DBM Secretary Kim Robert C. De Leon

asr-001519

At the top, like I mentioned,

Acting DBM Secretary Kim Robert C. De Leon

asr-001520

is the Department of Education

Acting DBM Secretary Kim Robert C. De Leon

asr-001521

with P975.96 billion,

Acting DBM Secretary Kim Robert C. De Leon

asr-001522

followed by the Department of Public Works

Acting DBM Secretary Kim Robert C. De Leon

asr-001523

and Highways with 644 billion.

Acting DBM Secretary Kim Robert C. De Leon

asr-001524

Substantial investments

Acting DBM Secretary Kim Robert C. De Leon

asr-001525

are likewise proposed for health,

Acting DBM Secretary Kim Robert C. De Leon

asr-001526

interior and local government,

Acting DBM Secretary Kim Robert C. De Leon

asr-001527

national defense,

Acting DBM Secretary Kim Robert C. De Leon

asr-001528

transportation, agriculture,

Acting DBM Secretary Kim Robert C. De Leon

asr-001529

social welfare and development,

Acting DBM Secretary Kim Robert C. De Leon

asr-001530

higher education,

Acting DBM Secretary Kim Robert C. De Leon

asr-001531

and the judiciary.

Acting DBM Secretary Kim Robert C. De Leon

asr-001532

These rankings show that the government

Acting DBM Secretary Kim Robert C. De Leon

asr-001533

is putting its greatest resources

Acting DBM Secretary Kim Robert C. De Leon

asr-001534

in our people,

Acting DBM Secretary Kim Robert C. De Leon

asr-001535

our infrastructure,

Acting DBM Secretary Kim Robert C. De Leon

asr-001536

our health and safety,

Acting DBM Secretary Kim Robert C. De Leon

asr-001537

our food security,

Acting DBM Secretary Kim Robert C. De Leon

asr-001538

our mobility,

Acting DBM Secretary Kim Robert C. De Leon

asr-001539

and the institutions that protect

Acting DBM Secretary Kim Robert C. De Leon

asr-001540

and serve our citizens.

Acting DBM Secretary Kim Robert C. De Leon

asr-001541

On infrastructure,

Acting DBM Secretary Kim Robert C. De Leon

asr-001542

let me emphasize that infrastructure

Acting DBM Secretary Kim Robert C. De Leon

asr-001543

is more than just the DPWH budget.

Acting DBM Secretary Kim Robert C. De Leon

asr-001544

Under the Build Better More

Acting DBM Secretary Kim Robert C. De Leon

asr-001545

infrastructure program,

Acting DBM Secretary Kim Robert C. De Leon

asr-001546

the government is proposing

Acting DBM Secretary Kim Robert C. De Leon

asr-001547

1.467 trillion,

Acting DBM Secretary Kim Robert C. De Leon

asr-001548

equivalent to 4.4% of GDP

Acting DBM Secretary Kim Robert C. De Leon

asr-001549

for infrastructure in 2027.

Acting DBM Secretary Kim Robert C. De Leon

asr-001550

This is 178 billion

Acting DBM Secretary Kim Robert C. De Leon

asr-001551

or 13.8% higher

Acting DBM Secretary Kim Robert C. De Leon

asr-001552

than the fiscal year 2026

Acting DBM Secretary Kim Robert C. De Leon

asr-001553

GAA infrastructure level.

Acting DBM Secretary Kim Robert C. De Leon

asr-001554

These investments are spread across

Acting DBM Secretary Kim Robert C. De Leon

asr-001555

DPWH, transportation,

Acting DBM Secretary Kim Robert C. De Leon

asr-001556

agriculture, education,

Acting DBM Secretary Kim Robert C. De Leon

asr-001557

defense, digital infrastructure,

Acting DBM Secretary Kim Robert C. De Leon

asr-001558

health and other agencies.

Acting DBM Secretary Kim Robert C. De Leon

asr-001559

For DPWH specifically,

Acting DBM Secretary Kim Robert C. De Leon

asr-001560

it's proposed 643.95 billion allocation

Acting DBM Secretary Kim Robert C. De Leon

asr-001561

is 21.29% higher

Acting DBM Secretary Kim Robert C. De Leon

asr-001562

than its fiscal year 2026 GAA level,

Acting DBM Secretary Kim Robert C. De Leon

asr-001563

driven in part by ongoing locally funded

Acting DBM Secretary Kim Robert C. De Leon

asr-001564

and foreign-assisted

Acting DBM Secretary Kim Robert C. De Leon

asr-001565

infrastructure flagship projects.

Acting DBM Secretary Kim Robert C. De Leon

asr-001566

Among the major projects

Acting DBM Secretary Kim Robert C. De Leon

asr-001567

are the following.

Acting DBM Secretary Kim Robert C. De Leon

asr-001568

The Laguna Lakeshore Road Network project

Acting DBM Secretary Kim Robert C. De Leon

asr-001569

at 35.21 billion,

Acting DBM Secretary Kim Robert C. De Leon

asr-001570

Bataan-Cavite Interlink Bridge project

Acting DBM Secretary Kim Robert C. De Leon

asr-001571

at 22.49 billion,

Acting DBM Secretary Kim Robert C. De Leon

asr-001572

Davao City Bypass Construction Project

Acting DBM Secretary Kim Robert C. De Leon

asr-001573

Package 1 at 11.96 billion,

Acting DBM Secretary Kim Robert C. De Leon

asr-001574

Cebu-Mactan Bridge and Coastal Road

Acting DBM Secretary Kim Robert C. De Leon

asr-001575

Construction Project at 8.57 billion,

Acting DBM Secretary Kim Robert C. De Leon

asr-001576

and the Pasig-Marikina River Channel

Acting DBM Secretary Kim Robert C. De Leon

asr-001577

Improvement Project Phase 4

Acting DBM Secretary Kim Robert C. De Leon

asr-001578

at 8.54 billion.

Acting DBM Secretary Kim Robert C. De Leon

asr-001579

For transportation,

Acting DBM Secretary Kim Robert C. De Leon

asr-001580

we are proposing 300.96 billion

Acting DBM Secretary Kim Robert C. De Leon

asr-001581

for the DOTR and its attached agencies,

Acting DBM Secretary Kim Robert C. De Leon

asr-001582

supporting major investments

Acting DBM Secretary Kim Robert C. De Leon

asr-001583

that will improve mobility,

Acting DBM Secretary Kim Robert C. De Leon

asr-001584

strengthen connectivity,

Acting DBM Secretary Kim Robert C. De Leon

asr-001585

and make the movement of people and goods

Acting DBM Secretary Kim Robert C. De Leon

asr-001586

faster and more efficient across the country.

Acting DBM Secretary Kim Robert C. De Leon

asr-001587

Among the priority projects

Acting DBM Secretary Kim Robert C. De Leon

asr-001588

are the North-South Commuter Railway System

Acting DBM Secretary Kim Robert C. De Leon

asr-001589

with 123.84 billion,

Acting DBM Secretary Kim Robert C. De Leon

asr-001590

the Metro Manila Subway Project Phase 1

Acting DBM Secretary Kim Robert C. De Leon

asr-001591

with 67.44 billion,

Acting DBM Secretary Kim Robert C. De Leon

asr-001592

and the Metro Rail Transit Line 3 Rehabilitation Project

Acting DBM Secretary Kim Robert C. De Leon

asr-001593

with 1.94 billion.

Acting DBM Secretary Kim Robert C. De Leon

asr-001594

We are also providing 179.49 million

Acting DBM Secretary Kim Robert C. De Leon

asr-001595

for the Cebu Bus Rapid Transit Project

Acting DBM Secretary Kim Robert C. De Leon

asr-001596

and 15.08 billion

Acting DBM Secretary Kim Robert C. De Leon

asr-001597

for the Davao Public Transportation

Acting DBM Secretary Kim Robert C. De Leon

asr-001598

Modernization Project,

Acting DBM Secretary Kim Robert C. De Leon

asr-001599

expanding investments in better and more reliable

Acting DBM Secretary Kim Robert C. De Leon

asr-001600

public transportation,

Acting DBM Secretary Kim Robert C. De Leon

asr-001601

beyond Metro Manila.

Acting DBM Secretary Kim Robert C. De Leon

asr-001602

We are likewise investing in our

Acting DBM Secretary Kim Robert C. De Leon

asr-001603

Gateways and Logistics Network

Acting DBM Secretary Kim Robert C. De Leon

asr-001604

with 8.99 billion

Acting DBM Secretary Kim Robert C. De Leon

asr-001605

for the new Cebu International Container Port

Acting DBM Secretary Kim Robert C. De Leon

asr-001606

and 1.41 billion

Acting DBM Secretary Kim Robert C. De Leon

asr-001607

for the new Dumaguete Airport Development Project.

Acting DBM Secretary Kim Robert C. De Leon

asr-001608

More than investing in railways,

Acting DBM Secretary Kim Robert C. De Leon

asr-001609

public transportation systems,

Acting DBM Secretary Kim Robert C. De Leon

asr-001610

ports or airports,

Acting DBM Secretary Kim Robert C. De Leon

asr-001611

these also show that investing

Acting DBM Secretary Kim Robert C. De Leon

asr-001612

in shorter travel times,

Acting DBM Secretary Kim Robert C. De Leon

asr-001613

lower logistics costs,

Acting DBM Secretary Kim Robert C. De Leon

asr-001614

stronger regional connectivity

Acting DBM Secretary Kim Robert C. De Leon

asr-001615

and greater access to jobs

Acting DBM Secretary Kim Robert C. De Leon

asr-001616

and economic opportunities for our people

Acting DBM Secretary Kim Robert C. De Leon

asr-001617

are important priorities

Acting DBM Secretary Kim Robert C. De Leon

asr-001618

of this administration.

Acting DBM Secretary Kim Robert C. De Leon

asr-001619

For agriculture and food security,

Acting DBM Secretary Kim Robert C. De Leon

asr-001620

261.7 billion is proposed

Acting DBM Secretary Kim Robert C. De Leon

asr-001621

across the agriculture sector,

Acting DBM Secretary Kim Robert C. De Leon

asr-001622

supporting programs that increase productivity,

Acting DBM Secretary Kim Robert C. De Leon

asr-001623

strengthen food security,

Acting DBM Secretary Kim Robert C. De Leon

asr-001624

and improve the income

Acting DBM Secretary Kim Robert C. De Leon

asr-001625

of our farmers and fisher folks.

Acting DBM Secretary Kim Robert C. De Leon

asr-001626

For social protection,

Acting DBM Secretary Kim Robert C. De Leon

asr-001627

DSWD will receive 241.6 billion.

Acting DBM Secretary Kim Robert C. De Leon

asr-001628

This includes 99.08 billion

Acting DBM Secretary Kim Robert C. De Leon

asr-001629

for the Pantawid Pamilyang Pilipino Program,

Acting DBM Secretary Kim Robert C. De Leon

asr-001630

covering health, education,

Acting DBM Secretary Kim Robert C. De Leon

asr-001631

nutrition and rice subsidies

Acting DBM Secretary Kim Robert C. De Leon

asr-001632

for qualified households.

Acting DBM Secretary Kim Robert C. De Leon

asr-001633

For national defense,

Acting DBM Secretary Kim Robert C. De Leon

asr-001634

328.8 billion is proposed,

Acting DBM Secretary Kim Robert C. De Leon

asr-001635

including 50 billion

Acting DBM Secretary Kim Robert C. De Leon

asr-001636

for the revised AFP Modernization Program,

Acting DBM Secretary Kim Robert C. De Leon

asr-001637

10 billion higher than the 2026 level.

Acting DBM Secretary Kim Robert C. De Leon

asr-001638

The Philippine Coast Guard

Acting DBM Secretary Kim Robert C. De Leon

asr-001639

will likewise receive 45.51 billion,

Acting DBM Secretary Kim Robert C. De Leon

asr-001640

while 73.67 billion

Acting DBM Secretary Kim Robert C. De Leon

asr-001641

is proposed for the subsistence allowance

Acting DBM Secretary Kim Robert C. De Leon

asr-001642

of military and uniform personnel

Acting DBM Secretary Kim Robert C. De Leon

asr-001643

across concerned agencies.

Acting DBM Secretary Kim Robert C. De Leon

asr-001644

We have likewise included

Acting DBM Secretary Kim Robert C. De Leon

asr-001645

86.27 billion

Acting DBM Secretary Kim Robert C. De Leon

asr-001646

for the judiciary

Acting DBM Secretary Kim Robert C. De Leon

asr-001647

to support the efficient

Acting DBM Secretary Kim Robert C. De Leon

asr-001648

administration of justice

Acting DBM Secretary Kim Robert C. De Leon

asr-001649

and improve access

Acting DBM Secretary Kim Robert C. De Leon

asr-001650

to judicial services.

Acting DBM Secretary Kim Robert C. De Leon

asr-001651

In keeping with the constitutional principle

Acting DBM Secretary Kim Robert C. De Leon

asr-001652

of judicial independence

Acting DBM Secretary Kim Robert C. De Leon

asr-001653

and the provisions

Acting DBM Secretary Kim Robert C. De Leon

asr-001654

of the Judiciary Fiscal Autonomy Act,

Acting DBM Secretary Kim Robert C. De Leon

asr-001655

the Supreme Court's

Acting DBM Secretary Kim Robert C. De Leon

asr-001656

original budget proposal

Acting DBM Secretary Kim Robert C. De Leon

asr-001657

has been incorporated

Acting DBM Secretary Kim Robert C. De Leon

asr-001658

in the Fiscal Year 2027

Acting DBM Secretary Kim Robert C. De Leon

asr-001659

National Expenditure Program.

Acting DBM Secretary Kim Robert C. De Leon

asr-001660

This reflects

Acting DBM Secretary Kim Robert C. De Leon

asr-001661

the judiciary's fiscal autonomy

Acting DBM Secretary Kim Robert C. De Leon

asr-001662

while ensuring that it remains

Acting DBM Secretary Kim Robert C. De Leon

asr-001663

well equipped to carry out

Acting DBM Secretary Kim Robert C. De Leon

asr-001664

its constitutional mandate.

Acting DBM Secretary Kim Robert C. De Leon

asr-001665

We are also proposing

Acting DBM Secretary Kim Robert C. De Leon

asr-001666

45.67 billion

Acting DBM Secretary Kim Robert C. De Leon

asr-001667

for the National Disaster

Acting DBM Secretary Kim Robert C. De Leon

asr-001668

Risk Reduction and Management Fund,

Acting DBM Secretary Kim Robert C. De Leon

asr-001669

up by 14.68%

Acting DBM Secretary Kim Robert C. De Leon

asr-001670

from the Fiscal Year 2026 GAA.

Acting DBM Secretary Kim Robert C. De Leon

asr-001671

This includes 14.67 billion

Acting DBM Secretary Kim Robert C. De Leon

asr-001672

for the Disaster Risk Reduction and Management Fund,

Acting DBM Secretary Kim Robert C. De Leon

asr-001673

for the Disaster Rehabilitation

Acting DBM Secretary Kim Robert C. De Leon

asr-001674

and Reconstruction Assistance Program

Acting DBM Secretary Kim Robert C. De Leon

asr-001675

for LGUs,

Acting DBM Secretary Kim Robert C. De Leon

asr-001676

and 1 billion

Acting DBM Secretary Kim Robert C. De Leon

asr-001677

for the People's Survival Fund.

Acting DBM Secretary Kim Robert C. De Leon

asr-001678

These numbers demonstrate

Acting DBM Secretary Kim Robert C. De Leon

asr-001679

the overall design of this budget.

Acting DBM Secretary Kim Robert C. De Leon

asr-001680

Protect the vulnerable,

Acting DBM Secretary Kim Robert C. De Leon

asr-001681

invest in people,

Acting DBM Secretary Kim Robert C. De Leon

asr-001682

strengthen food and health security,

Acting DBM Secretary Kim Robert C. De Leon

asr-001683

build productive infrastructure,

Acting DBM Secretary Kim Robert C. De Leon

asr-001684

support our regions,

Acting DBM Secretary Kim Robert C. De Leon

asr-001685

protect the country,

Acting DBM Secretary Kim Robert C. De Leon

asr-001686

and prepare for future shocks.

Acting DBM Secretary Kim Robert C. De Leon

asr-001687

Finally,

Acting DBM Secretary Kim Robert C. De Leon

asr-001688

in line with the Administration's vision

Acting DBM Secretary Kim Robert C. De Leon

asr-001689

of ensuring that

Acting DBM Secretary Kim Robert C. De Leon

asr-001690

Bawat Bayan Makikinabang,

Acting DBM Secretary Kim Robert C. De Leon

asr-001691

the proposed 2027 National Budget

Acting DBM Secretary Kim Robert C. De Leon

asr-001692

also empowers every region

Acting DBM Secretary Kim Robert C. De Leon

asr-001693

and strengthens local governments

Acting DBM Secretary Kim Robert C. De Leon

asr-001694

to support balanced regional development

Acting DBM Secretary Kim Robert C. De Leon

asr-001695

across the country.

Acting DBM Secretary Kim Robert C. De Leon

asr-001696

As discussed earlier,

Acting DBM Secretary Kim Robert C. De Leon

asr-001697

we are providing

Acting DBM Secretary Kim Robert C. De Leon

asr-001698

1.32 trillion

Acting DBM Secretary Kim Robert C. De Leon

asr-001699

for the National Tax Allotment,

Acting DBM Secretary Kim Robert C. De Leon

asr-001700

ensuring that local government units

Acting DBM Secretary Kim Robert C. De Leon

asr-001701

have the resources

Acting DBM Secretary Kim Robert C. De Leon

asr-001702

to effectively deliver,

Acting DBM Secretary Kim Robert C. De Leon

asr-001703

devolve services,

Acting DBM Secretary Kim Robert C. De Leon

asr-001704

and 115.62 billion pesos

Acting DBM Secretary Kim Robert C. De Leon

asr-001705

to help sustain peace,

Acting DBM Secretary Kim Robert C. De Leon

asr-001706

strengthen self-governance,

Acting DBM Secretary Kim Robert C. De Leon

asr-001707

and support long-term development

Acting DBM Secretary Kim Robert C. De Leon

asr-001708

in the Bangsamoro Autonomous Region

Acting DBM Secretary Kim Robert C. De Leon

asr-001709

in Muslim Mindanao.

Acting DBM Secretary Kim Robert C. De Leon

asr-001710

We are likewise allocating

Acting DBM Secretary Kim Robert C. De Leon

asr-001711

58.53 billion

Acting DBM Secretary Kim Robert C. De Leon

asr-001712

for the Local Government Support Fund,

Acting DBM Secretary Kim Robert C. De Leon

asr-001713

including financial assistance to LGUs,

Acting DBM Secretary Kim Robert C. De Leon

asr-001714

the Growth Equity Fund,

Acting DBM Secretary Kim Robert C. De Leon

asr-001715

and the Barangay Development Program, enabling local governments to implement priority infrastructure,

Acting DBM Secretary Kim Robert C. De Leon

asr-001716

social services, and community development projects that directly benefit their constituents.

Acting DBM Secretary Kim Robert C. De Leon

asr-001717

These investments recognize that by empowering our local governments and investing in every region,

Acting DBM Secretary Kim Robert C. De Leon

asr-001718

we ensure that growth is more inclusive, opportunities are more widely shared, and no community is left behind.

Acting DBM Secretary Kim Robert C. De Leon

asr-001719

These are just some of the key highlights of our proposed fiscal year 2027 National Budget.

Acting DBM Secretary Kim Robert C. De Leon

asr-001720

We have also prepared a short video presentation to provide an overview of the administration's priority programs, activities, and projects,

Acting DBM Secretary Kim Robert C. De Leon

asr-001721

all crafted and funded for the Filipino people.

Acting DBM Secretary Kim Robert C. De Leon

asr-001722

Before I end my presentation, allow me to echo the President's call during the latest State of the Nation Address.

Acting DBM Secretary Kim Robert C. De Leon

asr-001723

Sa nalalabing dalawang taon ng administrasyon, tatapusin natin ang mga nasimulan at tutuparin ang ating pangako sa sambayanan.

Acting DBM Secretary Kim Robert C. De Leon

asr-001724

That instruction is also reflected in how we crafted this budget.

Acting DBM Secretary Kim Robert C. De Leon

asr-001725

We made sure that this 7.2 trillion budget only funds what is necessary, what is ready,

Acting DBM Secretary Kim Robert C. De Leon

asr-001726

and what can deliver the greatest benefit to our people.

Acting DBM Secretary Kim Robert C. De Leon

asr-001727

Every peso that we propose to spend must have a clear purpose, a sound basis, and an intended result for the Filipino people.

Acting DBM Secretary Kim Robert C. De Leon

asr-001728

The DBM remains committed to funding the government's priorities and to ensuring that this budget delivers on its promises

Acting DBM Secretary Kim Robert C. De Leon

asr-001729

through utmost transparency, accountability, fiscal discipline, and integrity.

Acting DBM Secretary Kim Robert C. De Leon

asr-001730

Because for us, DBM now stands for...

Acting DBM Secretary Kim Robert C. De Leon

asr-001731

Dapat budget ay makatao, dapat ang budget ay maaasahan, dapat ang budget ay malinis.

Acting DBM Secretary Kim Robert C. De Leon

asr-001732

Dahil ang budget na makatao, maaasahan, at malinis ay isang budget na mapapakinabangan ng bawat mamamayan, pati na ng susunod na henerasyon.

Acting DBM Secretary Kim Robert C. De Leon

asr-001733

Maraming salamat po.

Government Budget Presentation Narrator

asr-001734

Bawat araw, milyong-milyong Pilipino ang bumabangon.

Government Budget Presentation Narrator

asr-001735

Bawat araw, milyong-milyong Pilipino ang bumabangot.

Government Budget Presentation Narrator

asr-001736

May mga pamilyang umaasang may maaasahang serbisyong pangkalusugan sa oras ng pangailan.

Government Budget Presentation Narrator

asr-001737

Ang magkaroon ng mas magandang buhay.

Government Budget Presentation Narrator

asr-001738

May batang nangangarap makapag-aral.

Government Budget Presentation Narrator

asr-001739

May magulang na nagsisikap maitaguyod ang pamilya.

Government Budget Presentation Narrator

asr-001740

May magsasakang nagkadanin upang may pagkain sa bawat hapag.

Government Budget Presentation Narrator

asr-001741

May manggagawang naghahanap ng mas maraming oportunidad.

Government Budget Presentation Narrator

asr-001742

May mga pamilyang umaasang may maaasahang serbisyong pangkalusugan sa oras ng pangailan.

Government Budget Presentation Narrator

asr-001743

Lahat ng pangarap na ito ay may iisang layunin.

Government Budget Presentation Narrator

asr-001744

Ang magkaroon ng mas maayos na kinabukasan.

Government Budget Presentation Narrator

asr-001745

Ang bawat budget na inihahanda ng pamahalaan ay nagsisimula sa mga pangarap na ito.

Government Budget Presentation Narrator

asr-001746

Sapagkat ang budget ay hindi lamang tungkol sa mga numero.

Government Budget Presentation Narrator

asr-001747

Ito ay tungkol sa mga tao.

Government Budget Presentation Narrator

asr-001748

Ito ay tungkol sa mga buhay na mababago.

Government Budget Presentation Narrator

asr-001749

Bilang tugon sa mga pangangailangan ng sambayanang Pilipino,

Government Budget Presentation Narrator

asr-001750

inihahain ng pamahalaan ang panukalang Fiscal Year 2027 National Budget

Government Budget Presentation Narrator

asr-001751

na nagkakahalaga ng 7.2 Trillion Pesos.

Government Budget Presentation Narrator

asr-001752

Isang budget na nakasentro sa tao.

Government Budget Presentation Narrator

asr-001753

Isang budget na naghahanda para sa mas matatag,

Government Budget Presentation Narrator

asr-001754

mas inklusibo, at mas maunlad na bagong Pilipinas.

Government Budget Presentation Narrator

asr-001755

Our overarching mission and all our conscious efforts,

Government Budget Presentation Narrator

asr-001756

henceforth, must not be to simply uplift,

Government Budget Presentation Narrator

asr-001757

but to ensure security and self-sufficiency of our nation and of our fellow Filipinos.

Government Budget Presentation Narrator

asr-001758

Ang pinakamatibay na pundasyon ng isang bansa ay isang mamamayang may edukasyon.

Government Budget Presentation Narrator

asr-001759

Kaya nananatiling pangunahing prioridad ng pamahalaan, ang sektor ng edukasyon.

Government Budget Presentation Narrator

asr-001760

Sa panukalang 2027 National Budget, halos apat na porsyento ng ating gross domestic product,

Government Budget Presentation Narrator

asr-001761

ang ilalaan para sa basic at higher education.

Government Budget Presentation Narrator

asr-001762

Mas maraming paaralan ang magkakaroon ng mas maayos na learning environment.

Government Budget Presentation Narrator

asr-001763

Mas palalakasin ang kakayahan ng ating mga guro.

Government Budget Presentation Narrator

asr-001764

Mas maraming batang nangangailangan ng karagdagang suporta sa pagbabasa at pagbibilang

Government Budget Presentation Narrator

asr-001765

ang matutulungang makahabol sa kanilang pag-aaral sa pamamagitan ng Project Plus D.

Government Budget Presentation Narrator

asr-001766

At tara, basa at mas maraming kabataan ang magkakaroon ng pagkakataonan.

Government Budget Presentation Narrator

asr-001767

Ang makapagpatuloy sa pag-aaral sa tulong ng scholarships, education assistance, at iba pang support programs.

Government Budget Presentation Narrator

asr-001768

Sapagkat kapag ang isang bata ay nabigyan ng pagkakataong matuto,

Government Budget Presentation Narrator

asr-001769

nagbabago hindi lamang ang kanyang kinabukasan, kundi ang kinabukasan na buong bansa.

Government Budget Presentation Narrator

asr-001770

PAS has given me the chance to pursue my dreams, the confidence to take whatever opportunity that life gives me,

Government Budget Presentation Narrator

asr-001771

and the capacity for me to become an inspiration

Government Budget Presentation Narrator

asr-001772

and to become someone who can now contribute to the society.

Government Budget Presentation Narrator

asr-001773

Ang malusog na mamamayan ang tunay na lakas ng isang bansa.

Government Budget Presentation Narrator

asr-001774

Kaya mas pinalalakas ng panukalang budget

Government Budget Presentation Narrator

asr-001775

ang mga servisyong pangkalusugan na mas malapit sa bawat komunidad.

Government Budget Presentation Narrator

asr-001776

Mas mataas na pondo ang ilalaan para sa mga DOH regional hospitals

Government Budget Presentation Narrator

asr-001777

at iba pang health facilities.

Government Budget Presentation Narrator

asr-001778

Malalawakin din ang Zero Balance Billing ng PhilHealth

Government Budget Presentation Narrator

asr-001779

mula anim na LGU hospitals na yung taon

Government Budget Presentation Narrator

asr-001780

tungo sa 352 LGU hospitals sa 2027.

Government Budget Presentation Narrator

asr-001781

Mas payigin din ang suporta sa mahigit na 26,000 healthcare workers

Government Budget Presentation Narrator

asr-001782

at dinoble rin ang pondo para sa Cancer Assistance Fund

Government Budget Presentation Narrator

asr-001783

upang mas marami pang pasyente ang makatanggap ng kinakailangang tulong.

Government Budget Presentation Narrator

asr-001784

Dahil ang dekalidad na servisyong pangkalusugan

Government Budget Presentation Narrator

asr-001785

ay hindi dapat maging pribilehyo.

Government Budget Presentation Narrator

asr-001786

Ito ay dapat maabot ng bawat Pilipino.

Government Budget Presentation Narrator

asr-001787

Nagdadalaw ang isip kung tutuloy ba o hindi

Government Budget Presentation Narrator

asr-001788

kasi pambaya din ang iniisip namin.

Government Budget Presentation Narrator

asr-001789

Nung nalaman namin na wala kaming babaya, masaya kami.

Government Budget Presentation Narrator

asr-001790

Simula noong 2024 hanggang ngayon,

Government Budget Presentation Narrator

asr-001791

tumituloy ang dialysis ng papa ko.

Government Budget Presentation Narrator

asr-001792

Ngayon malakas ang loob namin na dali sa airfat

Government Budget Presentation Narrator

asr-001793

kasi alam namin wala kaming babaya sa hospital.

Government Budget Presentation Narrator

asr-001794

Ang tunay na kaunlaran,

Government Budget Presentation Narrator

asr-001795

ay walang naiiwan.

Government Budget Presentation Narrator

asr-001796

Kaya patuloy na pinalalakas ng pamahalaan

Government Budget Presentation Narrator

asr-001797

ang mga programang nagbibigay ng proteksyon at pag-asa

Government Budget Presentation Narrator

asr-001798

sa mga higit na nangangailangan.

Government Budget Presentation Narrator

asr-001799

Milyon-milyong pamilya ang patuloy na makatatanggap ng suporta

Government Budget Presentation Narrator

asr-001800

sa ilalim ng Pantawid Pamilyang Pilipino Program.

Government Budget Presentation Narrator

asr-001801

Mas paiigtingin ang food assistance at electronic voucher programs

Government Budget Presentation Narrator

asr-001802

laban sa gutom at malnutrisyon.

Government Budget Presentation Narrator

asr-001803

Mas magiging handa rin ang limandaang munisipalidad

Government Budget Presentation Narrator

asr-001804

sa epekto ng COVID-19.

Government Budget Presentation Narrator

asr-001805

At mga kalamidan sa pamamagitan ng Philippine Community Resilience Project.

Government Budget Presentation Narrator

asr-001806

Kasabay nito,

Government Budget Presentation Narrator

asr-001807

magpapatuloy ang buwanang social pension

Government Budget Presentation Narrator

asr-001808

para sa apat na milyong indigent senior citizens

Government Budget Presentation Narrator

asr-001809

at ang tulong para sa ating mga OFW sa oras ng pangangailangan.

Government Budget Presentation Narrator

asr-001810

Sapagkat ang isang pamahalaang may malasakit

Government Budget Presentation Narrator

asr-001811

ay hindi lamang tumutulong sa panahon ng pangangailangan.

Government Budget Presentation Narrator

asr-001812

Nagbibigay ito ng pag-asa upang mas maging matatag ang bawat Pilipino.

Government Budget Presentation Narrator

asr-001813

Napakalaking tulong po sa amin

Government Budget Presentation Narrator

asr-001814

sa mga mahihirap na driver na hapik ko at sa crisis ngayon.

Government Budget Presentation Narrator

asr-001815

Maluwang natulog mo namin,

Government Budget Presentation Narrator

asr-001816

di pa pa nung may makakain pa nung pamilya namin.

Government Budget Presentation Narrator

asr-001817

Ang siguridad sa pagkain ay nagsisimula

Government Budget Presentation Narrator

asr-001818

sa mga taong araw-araw na nagpapakain sa sambayanan.

Government Budget Presentation Narrator

asr-001819

Kaya patuloy nating pinalalakas ang suporta sa ating mga magsasaka,

Government Budget Presentation Narrator

asr-001820

manginisda at food producers.

Government Budget Presentation Narrator

asr-001821

Ako kayong pasalamat sa ating gobernob

Government Budget Presentation Narrator

asr-001822

tuwag sa maong gugas

Government Budget Presentation Narrator

asr-001823

mga barato o kalidad na ilang kitabang sa tanong mga tarabahanti

Government Budget Presentation Narrator

asr-001824

na binadayad sa mga mga tarabahanti, mga drivers, mga PAO

Government Budget Presentation Narrator

asr-001825

at mga mga tarabahanti o sa tanong tarabahanti

Government Budget Presentation Narrator

asr-001826

sa Tibok, Pilipinas na natabangan sa maging gugas.

Government Budget Presentation Narrator

asr-001827

Mas palalakasin pa ang suporta sa rice, livestock, poultry, dairy at fisheries

Government Budget Presentation Narrator

asr-001828

upang mapataas ang produksyon at kita ng ating mga food producers.

Government Budget Presentation Narrator

asr-001829

Mas marami ring farm to market bridges ang itatayo

Government Budget Presentation Narrator

asr-001830

upang mas mabilis makarating ang ani mula sa bukid at panghistaan

Government Budget Presentation Narrator

asr-001831

patungo sa mga pamilihan at sahapag ng bawat Pilipino.

Government Budget Presentation Narrator

asr-001832

Dahil kapag umuunlad ang mga nagpapakain sa bayan,

Government Budget Presentation Narrator

asr-001833

mas nagiging matatak ang buong bansa.

Government Budget Presentation Narrator

asr-001834

Kasabay ng pamumuhunan sa tao, patuloy ding pinatitibay ng pamahalaan

Government Budget Presentation Narrator

asr-001835

ang mga pundasyon ng pambansang kaunlaran.

Government Budget Presentation Narrator

asr-001836

Mas maraming oportunidad para sa trabaho at kabuhayan.

Government Budget Presentation Narrator

asr-001837

Mas matatag na maliit na negosyong lumilikha ng hanap buhay.

Government Budget Presentation Narrator

asr-001838

Mas maraming imprastaktura nagdurugtong sa mga komunidad.

Government Budget Presentation Narrator

asr-001839

Mas modernong kakayahan para sa pambansang depensa at siguridad.

Government Budget Presentation Narrator

asr-001840

Mas mahusay na paghahanda laban sa mga kalamidad.

Government Budget Presentation Narrator

asr-001841

Mas mabilis at mas epesyente ang serbisyo ng pamahalaan

Government Budget Presentation Narrator

asr-001842

sa pamamagitan ng digitalisasyon at mas malalakas na lokal na pamahalaan.

Government Budget Presentation Narrator

asr-001843

Sa tulong ng mas mataas na national tax allotment at suporta sa BARB.

Government Budget Presentation Narrator

asr-001844

Dahil ang bawat pamumuhunan ngayon ay nagiging pundasyon ng mas magandang bukas.

Government Budget Presentation Narrator

asr-001845

Ang paghahanda ng panukalang national budget ay bunga ng maingat na pagsusuri,

Government Budget Presentation Narrator

asr-001846

masusing pagpaplano at malawak na konsultasyon.

Government Budget Presentation Narrator

asr-001847

Ngayon, ang panukalang 2027 National Budget ay inihaharap sa Kongreso upang dumaan sa masusing pagtalakay.

Government Budget Presentation Narrator

asr-001848

bilang bahagi ng ating demokratikong proseso.

Government Budget Presentation Narrator

asr-001849

Isang mahalagang hakbang upang matiyak na ang bawat pisong ipinagkakatiwala ng sambayanan ay mailalaan sa mga programang tunay na magpapabuti sa buhay ng mga Pilipino.

Government Budget Presentation Narrator

asr-001850

My beloved countrymen, let us continue the work that we have started.

Government Budget Presentation Narrator

asr-001851

To make the Philippines the country that Filipinos deserve.

Government Budget Presentation Narrator

asr-001852

There is no nobler cause than this.

Government Budget Presentation Narrator

asr-001853

We do this for our children.

Government Budget Presentation Narrator

asr-001854

We do this for our future.

Government Budget Presentation Narrator

asr-001855

We can but do this because we love our country and we love our people.

Government Budget Presentation Narrator

asr-001856

Maliwanag ang bili ng ating Pangulo.

Government Budget Presentation Narrator

asr-001857

Ang pondo ng bayan ay dapat napapakinabangan ng bawat pamamayan.

Government Budget Presentation Narrator

asr-001858

Kaya ang bawat pisong nakapaloob sa panukalang fiscal year 2027 National Budget ay dumaan sa masusing pagsusuri,

Government Budget Presentation Narrator

asr-001859

upang matiyak na ito ay nakalaan sa mga programang may malinaw na layunin at may tunay na pakinabang sa buhay ng mga Pilipino.

Government Budget Presentation Narrator

asr-001860

Ngunit ang ating pananagutan ay hindi nagtatakos sa paghahanda ng budget.

Government Budget Presentation Narrator

asr-001861

Dito pa lamang nagsisimula ang mas mahalagang kongkuli.

Government Budget Presentation Narrator

asr-001862

Ang tiyakin ang bawat pondo na ipinagkatiwala ng taong bayan ay nagiging mga proyektong na ipatutupad,

Government Budget Presentation Narrator

asr-001863

mga serbisyong na ihahatid at mga pagbabagong tunay na nararamdaman ng bawat Pilipino.

Government Budget Presentation Narrator

asr-001864

Sa paghahain ng panukalang fiscal year 2027 National Budget sa Kongreso,

Government Budget Presentation Narrator

asr-001865

muli nating pinagtitibay ang ating pangako sa isang pamahalaang responsable, bukas at may pananagutan.

Government Budget Presentation Narrator

asr-001866

Sapagkat ang budget ay hindi lamang isang dokumento, ito ay pangako.

Government Budget Presentation Narrator

asr-001867

Pangakong ang bawat Pilipino.

Government Budget Presentation Narrator

asr-001868

Bawat piso ay magiging pagtakataon, pag-asa at mas magandang kinabukasan para sa bawat Pilipino.

Government Budget Presentation Narrator

asr-001869

Kaya sama-sama nating pangalagaan ang budget ng bayan upang bawat piso ay maging laan sa pag-unlad ng bawat Pilipino

Government Budget Presentation Narrator

asr-001870

at sa pagbuo ng isang mas makatag, mas inklusibo at mas maunlad na bagong Pilipino.

Rep. Mikaela Angela B. Suansing

asr-001871

Thank you very much, Secretary Kim de Leon of DBM.

Rep. Mikaela Angela B. Suansing

asr-001872

We'll now move to the next part of our briefing this morning, which would be the discussions and interpolations from our House members.

Rep. Mikaela Angela B. Suansing

asr-001873

A few requests to our members. May I request our distinguished colleagues to, first, please limit the discussions to matters relating to the 2027 budget.

Rep. Mikaela Angela B. Suansing

asr-001874

Kindly focus on agency-related questions that may be answered by the agencies present here at today's hearing.

Rep. Mikaela Angela B. Suansing

asr-001875

Please refrain from raising parochial concerns at the moment.

Rep. Mikaela Angela B. Suansing

asr-001876

Let us please focus on institutional questions that would be raised to our agencies present here today.

Rep. Mikaela Angela B. Suansing

asr-001877

May I remind our colleagues to also adhere to the timing.

Rep. Mikaela Angela B. Suansing

asr-001878

May we request each member to please focus the discussions within five minutes for questioning and interpolation, excluding the response of the resource persons.

Rep. Mikaela Angela B. Suansing

asr-001879

You will hear the bell sound if you have 30 seconds remaining, and we request you to please kindly wind up once you hear the bell.

Rep. Mikaela Angela B. Suansing

asr-001880

Before we move to the recognition of the individual members,

Rep. Mikaela Angela B. Suansing

asr-001881

may I share to everyone that we would need to transfer to a different venue to give way to this afternoon's session.

Rep. Mikaela Angela B. Suansing

asr-001882

So at 1 p.m., we will continue the discussions until 1 p.m.

Rep. Mikaela Angela B. Suansing

asr-001883

And at 1 p.m., we will break for lunch and also transfer to Romualdes Hall.

Rep. Mikaela Angela B. Suansing

asr-001884

From 2 p.m. onwards, we will focus, we will go through all of the interpolators

Rep. Mikaela Angela B. Suansing

asr-001885

until whichever time.

Rep. Mikaela Angela B. Suansing

asr-001886

Last year, we lasted until like 10.30 in the evening.

Rep. Mikaela Angela B. Suansing

asr-001887

So we'll move to Romualdes Hall at, sorry, we'll break for lunch at 1 p.m.,

Rep. Mikaela Angela B. Suansing

asr-001888

then move to Romualdes Hall to resume our deliberations at 2 p.m. later.

Rep. Mikaela Angela B. Suansing

asr-001889

Alright, as part of the longstanding and respected tradition of the House of Representatives

Rep. Mikaela Angela B. Suansing

asr-001890

to accord preferential treatment to the minority members of the House,

Rep. Mikaela Angela B. Suansing

asr-001891

followed by the independent and followed by the majority members,

Rep. Mikaela Angela B. Suansing

asr-001892

we will recognize the members in alternating order as such.

Rep. Mikaela Angela B. Suansing

asr-001893

We start with minority, then independent, then majority in alternating manner.

Rep. Mikaela Angela B. Suansing

asr-001894

And with that, the Chair recognizes from the minority, no less than the minority leader, Marcelino Libanan.

Rep. Mikaela Angela B. Suansing

asr-001895

You have the floor, Mayno. Thank you.

Minority Leader Marcelino C. Libanan

asr-001896

Thank you, Madam Chair.

Minority Leader Marcelino C. Libanan

asr-001897

Sir Speaker, Majority Leader, my dear colleagues, didiretso na po ako.

Minority Leader Marcelino C. Libanan

asr-001898

Magandang umaga sa DBCC community at ah.

Minority Leader Marcelino C. Libanan

asr-001899

In the interest of time at marami pang magtatanong kaya didiretsuhin ko na ang.

Minority Leader Marcelino C. Libanan

asr-001900

Aking pagtatanungan sa ating butihing Secretary ng Finance, Secretary Frederick Go.

Minority Leader Marcelino C. Libanan

asr-001901

Secretary, your medium term fiscal,

Minority Leader Marcelino C. Libanan

asr-001902

your fiscal program shows a deficit declining from 5.4% of GDP in 2026 to 3.5% by 2030.

Minority Leader Marcelino C. Libanan

asr-001903

But over the same period, revenues actually fall from 15.8% to 15.6% of GDP,

Minority Leader Marcelino C. Libanan

asr-001904

while disbursements fall from 21.2% to 19.1% of GDP.

Minority Leader Marcelino C. Libanan

asr-001905

While disbursements fall from 21.2% to 19.1% of GDP,

Minority Leader Marcelino C. Libanan

asr-001906

while disbursements fall from 21.2% to 19.1% of GDP,

Minority Leader Marcelino C. Libanan

asr-001907

21.2%

Minority Leader Marcelino C. Libanan

asr-001908

to 19.1%.

Minority Leader Marcelino C. Libanan

asr-001909

Is it therefore correct that

Minority Leader Marcelino C. Libanan

asr-001910

the improvement in the deficit comes

Minority Leader Marcelino C. Libanan

asr-001911

essentially from compressing government

Minority Leader Marcelino C. Libanan

asr-001912

spending and not from improving revenue effort?

Minority Leader Marcelino C. Libanan

asr-001913

Hindi lumiliit ang ating spending,

Minority Leader Marcelino C. Libanan

asr-001914

lumiliit ang ating collection pero may increase, may

Minority Leader Marcelino C. Libanan

asr-001915

ah decline tayo sa ah GDP. Pero ang

Minority Leader Marcelino C. Libanan

asr-001916

Declined tayo sa GDP. Pero ang nakikita natin, parang iniipit lang natin. Hindi nangungulik na tayo para maka-create ng fiscal space. Is this correct, Secretary?

DOF Secretary Frederick D. Go

asr-001917

Thank you, Chairman of the Minority Floor Leader. Madam Chair, I have to answer this in three ways. The first one is revenues are not dropping. Revenues will continue to grow.

DOF Secretary Frederick D. Go

asr-001918

As a matter of fact, we are projecting revenues to grow at an average of about 9 plus percent. What was pointed out is the percentage to GDP.

DOF Secretary Frederick D. Go

asr-001919

But actually, collections are growing. In fact, they'll grow by 9.5 percent. And yes, I think the idea, that's the first part of the answer.

DOF Secretary Frederick D. Go

asr-001920

The second part of the answer, Madam Chair, is that the government has been spending heavily on infrastructure for the last many years. And we continue to do so.

DOF Secretary Frederick D. Go

asr-001921

I think the idea is that all these investments in infrastructure will continue to grow.

DOF Secretary Frederick D. Go

asr-001922

And in other forms of investments, whether they're schools, hospitals, will eventually have to pay off. And the country cannot also be in a perpetual state of spending.

DOF Secretary Frederick D. Go

asr-001923

So, as a percentage of GDP, expenditures...

DOF Secretary Frederick D. Go

asr-001924

It is expected to slow down as a percentage of GDP. But in absolute numbers, it also continues to grow.

DOF Secretary Frederick D. Go

asr-001925

So, expenditures will still grow by 5 to 6 percent every year. So, actually, we're not shrinking revenues and we're not shrinking expenditure, just as a percentage of GDP.

DOF Secretary Frederick D. Go

asr-001926

Yeah, that's how I would answer the question.

Minority Leader Marcelino C. Libanan

asr-001927

Is it correct that we're compressing to create the fiscal space?

Minority Leader Marcelino C. Libanan

asr-001928

We are reducing the fiscal deficit.

Minority Leader Marcelino C. Libanan

asr-001929

The goal is to reduce the fiscal deficit over time.

Minority Leader Marcelino C. Libanan

asr-001930

So, when we came into the administration, the fiscal deficit...

Minority Leader Marcelino C. Libanan

asr-001931

When we came into the office, the fiscal deficit was 7.3 percent.

Minority Leader Marcelino C. Libanan

asr-001932

Then we worked it down to 6.2 percent, 5.7 percent, 5.6 percent. Now, we're targeting 5.45 percent.

Minority Leader Marcelino C. Libanan

asr-001933

And we want to keep bringing that down.

Minority Leader Marcelino C. Libanan

asr-001934

That is part of our commitment to the international community, to the credit rating.

Minority Leader Marcelino C. Libanan

asr-001935

That is part of our commitment to the credit rating agencies that we will practice fiscal consolidation, which means we will bring down our fiscal deficit over time.

Minority Leader Marcelino C. Libanan

asr-001936

Naintindihan ko po yun pero ang ang nagiging problema [unclear] kino-compress po natin ito, maraming tatamaan tayo.

Minority Leader Marcelino C. Libanan

asr-001937

Health, social services, infrastructure.

Minority Leader Marcelino C. Libanan

asr-001938

Instead na maging more efficient pa yung

Minority Leader Marcelino C. Libanan

asr-001939

collection natin,

Minority Leader Marcelino C. Libanan

asr-001940

nagkakaroon ng compression

Minority Leader Marcelino C. Libanan

asr-001941

sa ating strategy.

Minority Leader Marcelino C. Libanan

asr-001942

Pero I hope you will look into

Minority Leader Marcelino C. Libanan

asr-001943

this. Pangalawa po yung napansin ko po yung ating total interest payment umaabot po ng 1

Minority Leader Marcelino C. Libanan

asr-001944

114 trillion. mataas na ito

Minority Leader Marcelino C. Libanan

asr-001945

sa basic

Minority Leader Marcelino C. Libanan

asr-001946

education

Minority Leader Marcelino C. Libanan

asr-001947

na

Minority Leader Marcelino C. Libanan

asr-001948

900

Minority Leader Marcelino C. Libanan

asr-001949

900

Minority Leader Marcelino C. Libanan

asr-001950

something billion

Minority Leader Marcelino C. Libanan

asr-001951

948 billion

Minority Leader Marcelino C. Libanan

asr-001952

parang

Minority Leader Marcelino C. Libanan

asr-001953

ngayon ko lang nakita ang figures na ito

Minority Leader Marcelino C. Libanan

asr-001954

na mas mataas ng interest payment natin

Minority Leader Marcelino C. Libanan

asr-001955

sa basic

Minority Leader Marcelino C. Libanan

asr-001956

education

Minority Leader Marcelino C. Libanan

asr-001957

your comment please

Minority Leader Marcelino C. Libanan

asr-001958

thank you

DOF Secretary Frederick D. Go

asr-001959

madam chair

DOF Secretary Frederick D. Go

asr-001960

actually that's exactly why

DOF Secretary Frederick D. Go

asr-001961

we want to

DOF Secretary Frederick D. Go

asr-001962

have a program of fiscal consolidation

DOF Secretary Frederick D. Go

asr-001963

because all the

DOF Secretary Frederick D. Go

asr-001964

deficit is funded by

DOF Secretary Frederick D. Go

asr-001965

debt

DOF Secretary Frederick D. Go

asr-001966

so today

DOF Secretary Frederick D. Go

asr-001967

we are borrowing about

DOF Secretary Frederick D. Go

asr-001968

1.6 trillion pesos

DOF Secretary Frederick D. Go

asr-001969

in 2026

DOF Secretary Frederick D. Go

asr-001970

and next year

DOF Secretary Frederick D. Go

asr-001971

the program is for us to borrow

DOF Secretary Frederick D. Go

asr-001972

approximately 1.7

DOF Secretary Frederick D. Go

asr-001973

trillion

DOF Secretary Frederick D. Go

asr-001974

pesos

DOF Secretary Frederick D. Go

asr-001975

so habang lumalaki po yung utang natin

DOF Secretary Frederick D. Go

asr-001976

lumalaki yung interest

DOF Secretary Frederick D. Go

asr-001977

payments natin

DOF Secretary Frederick D. Go

asr-001978

which is why

DOF Secretary Frederick D. Go

asr-001979

the correlation

DOF Secretary Frederick D. Go

asr-001980

between fiscal deficit

DOF Secretary Frederick D. Go

asr-001981

and

DOF Secretary Frederick D. Go

asr-001982

debt to GDP

DOF Secretary Frederick D. Go

asr-001983

the higher the fiscal

DOF Secretary Frederick D. Go

asr-001984

deficit

DOF Secretary Frederick D. Go

asr-001985

the higher will be the national government

DOF Secretary Frederick D. Go

asr-001986

debt to GDP

DOF Secretary Frederick D. Go

asr-001987

which means the higher the interest payments

DOF Secretary Frederick D. Go

asr-001988

so yes

DOF Secretary Frederick D. Go

asr-001989

madam chair

DOF Secretary Frederick D. Go

asr-001990

it is a fact

DOF Secretary Frederick D. Go

asr-001991

that this year

DOF Secretary Frederick D. Go

asr-001992

we will be paying

DOF Secretary Frederick D. Go

asr-001993

approximately 1 trillion pesos

DOF Secretary Frederick D. Go

asr-001994

in interest payments

DOF Secretary Frederick D. Go

asr-001995

and next year

DOF Secretary Frederick D. Go

asr-001996

we will be

DOF Secretary Frederick D. Go

asr-001997

paying approximately

DOF Secretary Frederick D. Go

asr-001998

1.1 trillion pesos

DOF Secretary Frederick D. Go

asr-001999

in interest payments

DOF Secretary Frederick D. Go

asr-002000

thank you madam chair

Minority Leader Marcelino C. Libanan

asr-002001

ah

Minority Leader Marcelino C. Libanan

asr-002002

ah

Minority Leader Marcelino C. Libanan

asr-002003

ah

Minority Leader Marcelino C. Libanan

asr-002004

ah

Minority Leader Marcelino C. Libanan

asr-002005

ah

Minority Leader Marcelino C. Libanan

asr-002006

ah

Minority Leader Marcelino C. Libanan

asr-002007

ah

Minority Leader Marcelino C. Libanan

asr-002008

projected

Minority Leader Marcelino C. Libanan

asr-002009

na

Minority Leader Marcelino C. Libanan

asr-002010

makukulikta po natin

Minority Leader Marcelino C. Libanan

asr-002011

sa

Minority Leader Marcelino C. Libanan

asr-002012

sa ating budget

Minority Leader Marcelino C. Libanan

asr-002013

is

Minority Leader Marcelino C. Libanan

asr-002014

mga more than

Minority Leader Marcelino C. Libanan

asr-002015

5 trillion

Minority Leader Marcelino C. Libanan

asr-002016

5 trillion

Minority Leader Marcelino C. Libanan

asr-002017

pesos

Minority Leader Marcelino C. Libanan

asr-002018

pesos

Minority Leader Marcelino C. Libanan

asr-002019

pero sa

Minority Leader Marcelino C. Libanan

asr-002020

5 trillion

Minority Leader Marcelino C. Libanan

asr-002021

ang ating

Minority Leader Marcelino C. Libanan

asr-002022

pambayad sa

Minority Leader Marcelino C. Libanan

asr-002023

interest

Minority Leader Marcelino C. Libanan

asr-002024

interest payment alone

Minority Leader Marcelino C. Libanan

asr-002025

1.114

Minority Leader Marcelino C. Libanan

asr-002026

trillion at

Minority Leader Marcelino C. Libanan

asr-002027

ang

Minority Leader Marcelino C. Libanan

asr-002028

bawat 100 pesos

Minority Leader Marcelino C. Libanan

asr-002029

na nakukulekta natin

Minority Leader Marcelino C. Libanan

asr-002030

umaabot po

Minority Leader Marcelino C. Libanan

asr-002031

kasama ang domestic

Minority Leader Marcelino C. Libanan

asr-002032

yung pagbayad

Minority Leader Marcelino C. Libanan

asr-002033

natin sa

Minority Leader Marcelino C. Libanan

asr-002034

principal at saka

Minority Leader Marcelino C. Libanan

asr-002035

sa interest, umaabot na tayo

Minority Leader Marcelino C. Libanan

asr-002036

ng 52%

Minority Leader Marcelino C. Libanan

asr-002037

52% na sa pagbabayad

Minority Leader Marcelino C. Libanan

asr-002038

ng interest at saka

Minority Leader Marcelino C. Libanan

asr-002039

principal

Minority Leader Marcelino C. Libanan

asr-002040

at

Minority Leader Marcelino C. Libanan

asr-002041

ang interest payment alone

Minority Leader Marcelino C. Libanan

asr-002042

umaabot tayo ng

Minority Leader Marcelino C. Libanan

asr-002043

18.6%

Minority Leader Marcelino C. Libanan

asr-002044

sa aming

Minority Leader Marcelino C. Libanan

asr-002045

interest payment

Minority Leader Marcelino C. Libanan

asr-002046

ang increase ay umaabot

Minority Leader Marcelino C. Libanan

asr-002047

ng 11.9 pala

Minority Leader Marcelino C. Libanan

asr-002048

11.9% pero ang budget

Minority Leader Marcelino C. Libanan

asr-002049

natin tumataas

Minority Leader Marcelino C. Libanan

asr-002050

ng 6% lang

Minority Leader Marcelino C. Libanan

asr-002051

kaya

Minority Leader Marcelino C. Libanan

asr-002052

napaka-delikado po

Minority Leader Marcelino C. Libanan

asr-002053

ang fiscal

Minority Leader Marcelino C. Libanan

asr-002054

position natin

Minority Leader Marcelino C. Libanan

asr-002055

anong pwedeng strategy dito

Minority Leader Marcelino C. Libanan

asr-002056

na sinabi mo nyo

Minority Leader Marcelino C. Libanan

asr-002057

na uutang pa tayo

Minority Leader Marcelino C. Libanan

asr-002058

ng malaki pero 52%

Minority Leader Marcelino C. Libanan

asr-002059

na sa budget natin

Minority Leader Marcelino C. Libanan

asr-002060

kasama yung

Minority Leader Marcelino C. Libanan

asr-002061

pagbabayad ng

Minority Leader Marcelino C. Libanan

asr-002062

principal at saka yung interest

Minority Leader Marcelino C. Libanan

asr-002063

ito

Minority Leader Marcelino C. Libanan

asr-002064

ito

Minority Leader Marcelino C. Libanan

asr-002065

ito

DOF Secretary Frederick D. Go

asr-002066

I think the way

DOF Secretary Frederick D. Go

asr-002067

we look at it

DOF Secretary Frederick D. Go

asr-002068

from a budget point of view

DOF Secretary Frederick D. Go

asr-002069

we are only looking at the

DOF Secretary Frederick D. Go

asr-002070

cost

DOF Secretary Frederick D. Go

asr-002071

of the loan

DOF Secretary Frederick D. Go

asr-002072

yan po yung sinasabi

DOF Secretary Frederick D. Go

asr-002073

namin 1 trillion this year

DOF Secretary Frederick D. Go

asr-002074

1.1 trillion next year

DOF Secretary Frederick D. Go

asr-002075

ang binibilang

DOF Secretary Frederick D. Go

asr-002076

kasama po sa binibilang

DOF Secretary Frederick D. Go

asr-002077

ng honorable

DOF Secretary Frederick D. Go

asr-002078

minority floor leader po ay

DOF Secretary Frederick D. Go

asr-002079

kasama yung tinatawag namin

DOF Secretary Frederick D. Go

asr-002080

rollover of the budget

DOF Secretary Frederick D. Go

asr-002081

of loans

DOF Secretary Frederick D. Go

asr-002082

so ano kasi naman po yun eh

DOF Secretary Frederick D. Go

asr-002083

yung bagong utang

DOF Secretary Frederick D. Go

asr-002084

binabayaran naman yung lumang utang

DOF Secretary Frederick D. Go

asr-002085

so net net

DOF Secretary Frederick D. Go

asr-002086

walang dagdag po

DOF Secretary Frederick D. Go

asr-002087

so binibilang lang

DOF Secretary Frederick D. Go

asr-002088

dapat natin po ay yung

DOF Secretary Frederick D. Go

asr-002089

interest cost po

DOF Secretary Frederick D. Go

asr-002090

and new loans

DOF Secretary Frederick D. Go

asr-002091

tama po madam chair

Minority Leader Marcelino C. Libanan

asr-002092

pero

Minority Leader Marcelino C. Libanan

asr-002093

pag roll na lang tayo

Minority Leader Marcelino C. Libanan

asr-002094

ng role ng utang

Minority Leader Marcelino C. Libanan

asr-002095

at katulad ngayon

Minority Leader Marcelino C. Libanan

asr-002096

na may crisis tayo

Minority Leader Marcelino C. Libanan

asr-002097

sa middle east

Minority Leader Marcelino C. Libanan

asr-002098

may problema

Minority Leader Marcelino C. Libanan

asr-002099

kunyari sa

Minority Leader Marcelino C. Libanan

asr-002100

mga unexpected na problema

Minority Leader Marcelino C. Libanan

asr-002101

na nakikita natin

Minority Leader Marcelino C. Libanan

asr-002102

lalong naghihirap

Minority Leader Marcelino C. Libanan

asr-002103

magbayad tayo

Minority Leader Marcelino C. Libanan

asr-002104

at lalaki lang

Minority Leader Marcelino C. Libanan

asr-002105

nang lalaki ito

Minority Leader Marcelino C. Libanan

asr-002106

yung sinabi ko kanina

Minority Leader Marcelino C. Libanan

asr-002107

11.9%

Minority Leader Marcelino C. Libanan

asr-002108

ang bilis

Minority Leader Marcelino C. Libanan

asr-002109

ng porcento

Minority Leader Marcelino C. Libanan

asr-002110

ng every year

Minority Leader Marcelino C. Libanan

asr-002111

na babayaran natin

Minority Leader Marcelino C. Libanan

asr-002112

pero 6%

Minority Leader Marcelino C. Libanan

asr-002113

lang

Minority Leader Marcelino C. Libanan

asr-002114

naging increase

Minority Leader Marcelino C. Libanan

asr-002115

ang ating budget

DOF Secretary Frederick D. Go

asr-002116

yes po

DOF Secretary Frederick D. Go

asr-002117

which is why

DOF Secretary Frederick D. Go

asr-002118

our desire po

DOF Secretary Frederick D. Go

asr-002119

is to practice

DOF Secretary Frederick D. Go

asr-002120

fiscal discipline

DOF Secretary Frederick D. Go

asr-002121

and to reduce

DOF Secretary Frederick D. Go

asr-002122

the fiscal deficit

DOF Secretary Frederick D. Go

asr-002123

para bawasan po

DOF Secretary Frederick D. Go

asr-002124

ang inuutang natin

DOF Secretary Frederick D. Go

asr-002125

thank you madam chair

Minority Leader Marcelino C. Libanan

asr-002126

my time expired already

Minority Leader Marcelino C. Libanan

asr-002127

kaya kahit gusto po

Minority Leader Marcelino C. Libanan

asr-002128

pang magtanong

Minority Leader Marcelino C. Libanan

asr-002129

hinto na po ako

Minority Leader Marcelino C. Libanan

asr-002130

marami pang magtatanong

Minority Leader Marcelino C. Libanan

asr-002131

maraming salamat po

Minority Leader Marcelino C. Libanan

asr-002132

secretary

Minority Leader Marcelino C. Libanan

asr-002133

maraming salamat

Minority Leader Marcelino C. Libanan

asr-002134

madam chair

Minority Leader Marcelino C. Libanan

asr-002135

thank you

Rep. Mikaela Angela B. Suansing

asr-002136

thank you very much

Rep. Mikaela Angela B. Suansing

asr-002137

minority leader

Rep. Mikaela Angela B. Suansing

asr-002138

Marcelino Labanan

Rep. Mikaela Angela B. Suansing

asr-002139

next

Rep. Mikaela Angela B. Suansing

asr-002140

may we now recognize

Rep. Mikaela Angela B. Suansing

asr-002141

from the independent

Rep. Mikaela Angela B. Suansing

asr-002142

representative

Rep. Mikaela Angela B. Suansing

asr-002143

Toby Tiangco

Rep. Tobias "Toby" M. Tiangco

asr-002144

yes madam chair

Rep. Tobias "Toby" M. Tiangco

asr-002145

members of the

Rep. Tobias "Toby" M. Tiangco

asr-002146

committee on

Rep. Tobias "Toby" M. Tiangco

asr-002147

appropriation

Rep. Tobias "Toby" M. Tiangco

asr-002148

today po

Rep. Tobias "Toby" M. Tiangco

asr-002149

nagpresent po

Rep. Tobias "Toby" M. Tiangco

asr-002150

yung ating

Rep. Tobias "Toby" M. Tiangco

asr-002151

economic team

Rep. Tobias "Toby" M. Tiangco

asr-002152

ang kanilang

Rep. Tobias "Toby" M. Tiangco

asr-002153

plans and programs

Rep. Tobias "Toby" M. Tiangco

asr-002154

at yung mga

Rep. Tobias "Toby" M. Tiangco

asr-002155

nagawa nila

Rep. Tobias "Toby" M. Tiangco

asr-002156

for the past

Rep. Tobias "Toby" M. Tiangco

asr-002157

pero nakita ko po

Rep. Tobias "Toby" M. Tiangco

asr-002158

yung schedule

Rep. Tobias "Toby" M. Tiangco

asr-002159

ng ating

Rep. Tobias "Toby" M. Tiangco

asr-002160

budget

Rep. Tobias "Toby" M. Tiangco

asr-002161

briefings

Rep. Tobias "Toby" M. Tiangco

asr-002162

sa pre-plenary

Rep. Tobias "Toby" M. Tiangco

asr-002163

wala po doon

Rep. Tobias "Toby" M. Tiangco

asr-002164

hindi po nakaschedule

Rep. Tobias "Toby" M. Tiangco

asr-002165

yung house of representatives

Rep. Tobias "Toby" M. Tiangco

asr-002166

so is there a

Rep. Tobias "Toby" M. Tiangco

asr-002167

law that exempts

Rep. Tobias "Toby" M. Tiangco

asr-002168

the house of representatives

Rep. Tobias "Toby" M. Tiangco

asr-002169

from presenting

Rep. Tobias "Toby" M. Tiangco

asr-002170

the budget

Rep. Tobias "Toby" M. Tiangco

asr-002171

to our colleagues

Rep. Tobias "Toby" M. Tiangco

asr-002172

before it goes

Rep. Tobias "Toby" M. Tiangco

asr-002173

into plenary

Rep. Tobias "Toby" M. Tiangco

asr-002174

in previous years po

Acting DBM Secretary Kim Robert C. De Leon

asr-002175

if I may respond

Acting DBM Secretary Kim Robert C. De Leon

asr-002176

to representative

Acting DBM Secretary Kim Robert C. De Leon

asr-002177

Tiangco

Acting DBM Secretary Kim Robert C. De Leon

asr-002178

in previous years po

Acting DBM Secretary Kim Robert C. De Leon

asr-002179

there are certain

Acting DBM Secretary Kim Robert C. De Leon

asr-002180

agencies

Acting DBM Secretary Kim Robert C. De Leon

asr-002181

who do not have

Acting DBM Secretary Kim Robert C. De Leon

asr-002182

pre-plenary hearings

Acting DBM Secretary Kim Robert C. De Leon

asr-002183

they go straight

Acting DBM Secretary Kim Robert C. De Leon

asr-002184

to plenary

Acting DBM Secretary Kim Robert C. De Leon

asr-002185

so it's not just

Acting DBM Secretary Kim Robert C. De Leon

asr-002186

the house of representatives

Acting DBM Secretary Kim Robert C. De Leon

asr-002187

or congress

Acting DBM Secretary Kim Robert C. De Leon

asr-002188

of the Philippines

Acting DBM Secretary Kim Robert C. De Leon

asr-002189

in general

Acting DBM Secretary Kim Robert C. De Leon

asr-002190

there's also

Acting DBM Secretary Kim Robert C. De Leon

asr-002191

actually

Acting DBM Secretary Kim Robert C. De Leon

asr-002192

SUCs

Acting DBM Secretary Kim Robert C. De Leon

asr-002193

there are no

Acting DBM Secretary Kim Robert C. De Leon

asr-002194

pre-plenary

Acting DBM Secretary Kim Robert C. De Leon

asr-002195

deliberations

Acting DBM Secretary Kim Robert C. De Leon

asr-002196

even the

Acting DBM Secretary Kim Robert C. De Leon

asr-002197

other OEOs

Acting DBM Secretary Kim Robert C. De Leon

asr-002198

the other executive

Acting DBM Secretary Kim Robert C. De Leon

asr-002199

offices po

Acting DBM Secretary Kim Robert C. De Leon

asr-002200

hindi na po natin

Acting DBM Secretary Kim Robert C. De Leon

asr-002201

isinasalang

Acting DBM Secretary Kim Robert C. De Leon

asr-002202

sa pre-plenary

Acting DBM Secretary Kim Robert C. De Leon

asr-002203

budget hearings

Acting DBM Secretary Kim Robert C. De Leon

asr-002204

pero po

Rep. Tobias "Toby" M. Tiangco

asr-002205

madam chair

Rep. Tobias "Toby" M. Tiangco

asr-002206

ang laki po

Rep. Tobias "Toby" M. Tiangco

asr-002207

ng budget

Rep. Tobias "Toby" M. Tiangco

asr-002208

ng house of

Rep. Tobias "Toby" M. Tiangco

asr-002209

representatives

Rep. Tobias "Toby" M. Tiangco

asr-002210

nasa 30 plus

Rep. Tobias "Toby" M. Tiangco

asr-002211

billion

Rep. Tobias "Toby" M. Tiangco

asr-002212

halos kasi

Rep. Tobias "Toby" M. Tiangco

asr-002213

inlaki lang siya

Rep. Tobias "Toby" M. Tiangco

asr-002214

ng DOST

Rep. Tobias "Toby" M. Tiangco

asr-002215

so bakit

Rep. Tobias "Toby" M. Tiangco

asr-002216

hindi po natin

Rep. Tobias "Toby" M. Tiangco

asr-002217

siya

Rep. Tobias "Toby" M. Tiangco

asr-002218

idaan sa

Rep. Tobias "Toby" M. Tiangco

asr-002219

pre-plenary

Rep. Tobias "Toby" M. Tiangco

asr-002220

hearing

Rep. Tobias "Toby" M. Tiangco

asr-002221

kasi dapat

Rep. Tobias "Toby" M. Tiangco

asr-002222

natin malaman

Rep. Tobias "Toby" M. Tiangco

asr-002223

kung paano

Rep. Tobias "Toby" M. Tiangco

asr-002224

ginastos

Rep. Tobias "Toby" M. Tiangco

asr-002225

yung budget

Rep. Tobias "Toby" M. Tiangco

asr-002226

ng house

Rep. Tobias "Toby" M. Tiangco

asr-002227

noong 2025

Rep. Tobias "Toby" M. Tiangco

asr-002228

paano

Rep. Tobias "Toby" M. Tiangco

asr-002229

ginagastos

Rep. Tobias "Toby" M. Tiangco

asr-002230

yung 2026

Rep. Tobias "Toby" M. Tiangco

asr-002231

at ano po

Rep. Tobias "Toby" M. Tiangco

asr-002232

yung basihan

Rep. Tobias "Toby" M. Tiangco

asr-002233

ng 2027

Rep. Tobias "Toby" M. Tiangco

asr-002234

budget proposal

Rep. Tobias "Toby" M. Tiangco

asr-002235

at kadalasan

Rep. Tobias "Toby" M. Tiangco

asr-002236

nag-propose po

Rep. Tobias "Toby" M. Tiangco

asr-002237

ang house

Rep. Tobias "Toby" M. Tiangco

asr-002238

ng insertion

Rep. Tobias "Toby" M. Tiangco

asr-002239

na mas malaki

Rep. Tobias "Toby" M. Tiangco

asr-002240

pa doon

Rep. Tobias "Toby" M. Tiangco

asr-002241

sa original budget

Rep. Tobias "Toby" M. Tiangco

asr-002242

just like

Rep. Tobias "Toby" M. Tiangco

asr-002243

2026

Rep. Tobias "Toby" M. Tiangco

asr-002244

16 billion

Rep. Tobias "Toby" M. Tiangco

asr-002245

lang po

Rep. Tobias "Toby" M. Tiangco

asr-002246

ang NEP

Rep. Tobias "Toby" M. Tiangco

asr-002247

natin

Rep. Tobias "Toby" M. Tiangco

asr-002248

pero ang

Rep. Tobias "Toby" M. Tiangco

asr-002249

total budget

Rep. Tobias "Toby" M. Tiangco

asr-002250

is 35 billion

Rep. Tobias "Toby" M. Tiangco

asr-002251

so mas malaki

Rep. Tobias "Toby" M. Tiangco

asr-002252

pa

Rep. Tobias "Toby" M. Tiangco

asr-002253

tapos hindi man

Rep. Tobias "Toby" M. Tiangco

asr-002254

pre-present

Rep. Tobias "Toby" M. Tiangco

asr-002255

paano po kami

Rep. Tobias "Toby" M. Tiangco

asr-002256

magtatanong sa

Rep. Tobias "Toby" M. Tiangco

asr-002257

plenary

Rep. Tobias "Toby" M. Tiangco

asr-002258

kung hindi naman

Rep. Tobias "Toby" M. Tiangco

asr-002259

pre-present po

Rep. Tobias "Toby" M. Tiangco

asr-002260

sa budget

Rep. Tobias "Toby" M. Tiangco

asr-002261

briefing

Rep. Tobias "Toby" M. Tiangco

asr-002262

yung mga

Rep. Tobias "Toby" M. Tiangco

asr-002263

pinagkagastusan

Rep. Tobias "Toby" M. Tiangco

asr-002264

so I would like

Rep. Tobias "Toby" M. Tiangco

asr-002265

to request

Rep. Tobias "Toby" M. Tiangco

asr-002266

kung wala namang

Rep. Tobias "Toby" M. Tiangco

asr-002267

legal exemption

Rep. Tobias "Toby" M. Tiangco

asr-002268

or constitutional

Rep. Tobias "Toby" M. Tiangco

asr-002269

provisions

Rep. Tobias "Toby" M. Tiangco

asr-002270

that exempt

Rep. Tobias "Toby" M. Tiangco

asr-002271

the house of

Rep. Tobias "Toby" M. Tiangco

asr-002272

representatives

Rep. Tobias "Toby" M. Tiangco

asr-002273

we must go

Rep. Tobias "Toby" M. Tiangco

asr-002274

through the

Rep. Tobias "Toby" M. Tiangco

asr-002275

same

Rep. Tobias "Toby" M. Tiangco

asr-002276

exactly the

Rep. Tobias "Toby" M. Tiangco

asr-002277

same process

Rep. Tobias "Toby" M. Tiangco

asr-002278

as other

Rep. Tobias "Toby" M. Tiangco

asr-002279

departments

Rep. Tobias "Toby" M. Tiangco

asr-002280

dapat po

Rep. Tobias "Toby" M. Tiangco

asr-002281

ipresenta po

Rep. Tobias "Toby" M. Tiangco

asr-002282

yung budget

Rep. Tobias "Toby" M. Tiangco

asr-002283

ng house

Rep. Tobias "Toby" M. Tiangco

asr-002284

of representatives

Rep. Tobias "Toby" M. Tiangco

asr-002285

kung wala po

Rep. Tobias "Toby" M. Tiangco

asr-002286

tayong tinatago

Rep. Tobias "Toby" M. Tiangco

asr-002287

definitely po

Rep. Tobias "Toby" M. Tiangco

asr-002288

kung

Rep. Tobias "Toby" M. Tiangco

asr-002289

to be

Rep. Tobias "Toby" M. Tiangco

asr-002290

definitely

Rep. Tobias "Toby" M. Tiangco

asr-002291

wala po tayong

Rep. Tobias "Toby" M. Tiangco

asr-002292

tinatago

Rep. Tobias "Toby" M. Tiangco

asr-002293

as was the case

Rep. Tobias "Toby" M. Tiangco

asr-002294

last year

Rep. Tobias "Toby" M. Tiangco

asr-002295

when the

Rep. Tobias "Toby" M. Tiangco

asr-002296

budget of the

Rep. Tobias "Toby" M. Tiangco

asr-002297

house was presented

Rep. Tobias "Toby" M. Tiangco

asr-002298

during plenary

Rep. Tobias "Toby" M. Tiangco

asr-002299

tinayoan po

Rep. Tobias "Toby" M. Tiangco

asr-002300

ng isa po sa ating

Rep. Tobias "Toby" M. Tiangco

asr-002301

mga vice chair persons

Rep. Tobias "Toby" M. Tiangco

asr-002302

si vice chair

Rep. Tobias "Toby" M. Tiangco

asr-002303

Maricaro Zamora

Rep. Tobias "Toby" M. Tiangco

asr-002304

tinayoan niya po

Rep. Tobias "Toby" M. Tiangco

asr-002305

yung budget

Rep. Tobias "Toby" M. Tiangco

asr-002306

ng Congress of the

Rep. Tobias "Toby" M. Tiangco

asr-002307

Philippines

Rep. Tobias "Toby" M. Tiangco

asr-002308

and we opened

Rep. Tobias "Toby" M. Tiangco

asr-002309

the deliberations

Rep. Tobias "Toby" M. Tiangco

asr-002310

on that

Rep. Tobias "Toby" M. Tiangco

asr-002311

but if the

Rep. Tobias "Toby" M. Tiangco

asr-002312

request of

Rep. Tobias "Toby" M. Tiangco

asr-002313

the Honorable

Rep. Tobias "Toby" M. Tiangco

asr-002314

Tiangco

Rep. Tobias "Toby" M. Tiangco

asr-002315

is to

Acting DBM Secretary Kim Robert C. De Leon

asr-002316

do a pre-plenary for congress we will submit that to the uh the for consideration of the house

Acting DBM Secretary Kim Robert C. De Leon

asr-002317

leadership because usually it's it's something like it's not just the congress of the philippines

Acting DBM Secretary Kim Robert C. De Leon

asr-002318

budget as i mentioned before there are a lot of oeos now other executive offices

Acting DBM Secretary Kim Robert C. De Leon

asr-002319

so we will definitely um submit that for the consideration of the house leadership

Rep. Tobias "Toby" M. Tiangco

asr-002320

madam chairman why do we have to why do we have to submit it this is about transparency this is

Rep. Tobias "Toby" M. Tiangco

asr-002321

about the budget of the house

Acting DBM Secretary Kim Robert C. De Leon

asr-002322

yes or no yes ma'am we are one with you representative chanco in

Acting DBM Secretary Kim Robert C. De Leon

asr-002323

you're circling around the question so i want to know

Acting DBM Secretary Kim Robert C. De Leon

asr-002324

if we plan a budget of the house of representatives

Acting DBM Secretary Kim Robert C. De Leon

asr-002325

um

Acting DBM Secretary Kim Robert C. De Leon

asr-002326

we just to just to be very clear i we are not saying no uh we are saying that this is not a

Acting DBM Secretary Kim Robert C. De Leon

asr-002327

decision that um i can make right now um that is subject to the uh consideration of the house

Acting DBM Secretary Kim Robert C. De Leon

asr-002328

leadership so again um i am not saying no um again we've done so many reforms to promote

Acting DBM Secretary Kim Robert C. De Leon

asr-002329

transparency uh we've done the bar c bukas na po lahat na mga amienda pinapakita po natin line

Acting DBM Secretary Kim Robert C. De Leon

asr-002330

by line

Acting DBM Secretary Kim Robert C. De Leon

asr-002331

not just in the house in the level of the house of representatives but even at the level of the

Acting DBM Secretary Kim Robert C. De Leon

asr-002332

bicameral conference committee pinapakita na rin po natin lahat ng amendments so um again uh if this

Acting DBM Secretary Kim Robert C. De Leon

asr-002333

is a push towards transparency most definitely po we will support this but this is not a decision

Acting DBM Secretary Kim Robert C. De Leon

asr-002334

that we can make at the moment this needs to be submitted for the consideration of the house

Rep. Tobias "Toby" M. Tiangco

asr-002335

leadership madam chair what you're not saying no but you're not saying yes also diba i mean

Rep. Tobias "Toby" M. Tiangco

asr-002336

ano bang problema what is the problem?

Rep. Tobias "Toby" M. Tiangco

asr-002337

Why don’t we ask the house leadership? Nandyan man si speaker, nandyan man si Majo. Ba’t lang natin tanungin?

Acting DBM Secretary Kim Robert C. De Leon

asr-002338

Again po, I am unable to say yes or no to that question because it is not my

Acting DBM Secretary Kim Robert C. De Leon

asr-002339

decision to make. I would have to again submit this for the deliberation of the

Acting DBM Secretary Kim Robert C. De Leon

asr-002340

house leadership and we will uh rest assured po the assurance that I can

Acting DBM Secretary Kim Robert C. De Leon

asr-002341

give. If it was within my jurisdiction, I would have been able to decide right

Acting DBM Secretary Kim Robert C. De Leon

asr-002342

here and now. Um but please give

Acting DBM Secretary Kim Robert C. De Leon

asr-002343

us

Acting DBM Secretary Kim Robert C. De Leon

asr-002344

some

Acting DBM Secretary Kim Robert C. De Leon

asr-002345

to submit this for the decision and deliberation of the house leadership.

Rep. Tobias "Toby" M. Tiangco

asr-002346

But that is no assurance at all.

Rep. Tobias "Toby" M. Tiangco

asr-002347

In 2025, our NEP is P16 billion.

Rep. Tobias "Toby" M. Tiangco

asr-002348

The house inserted P17 billion.

Rep. Tobias "Toby" M. Tiangco

asr-002349

The budget became P35 billion.

Rep. Tobias "Toby" M. Tiangco

asr-002350

In 2026, the same.

Rep. Tobias "Toby" M. Tiangco

asr-002351

The NEP is P17 billion.

Rep. Tobias "Toby" M. Tiangco

asr-002352

The GAA is P27 billion.

Rep. Tobias "Toby" M. Tiangco

asr-002353

So it means that we inserted P10 billion again.

Rep. Tobias "Toby" M. Tiangco

asr-002354

And we don't want to go through the pre-plenary.

Rep. Tobias "Toby" M. Tiangco

asr-002355

So what's the problem?

Acting DBM Secretary Kim Robert C. De Leon

asr-002356

Kongto B, I would like to reiterate that this is not an insertion.

Acting DBM Secretary Kim Robert C. De Leon

asr-002357

This was deliberated in the plenary.

Acting DBM Secretary Kim Robert C. De Leon

asr-002358

Although there was no pre-plenary for the budget of the Congress of the Philippines,

Acting DBM Secretary Kim Robert C. De Leon

asr-002359

the deliberations on the budget of the Congress of the Philippines was opened up during the plenary.

Acting DBM Secretary Kim Robert C. De Leon

asr-002360

All members were given the opportunity to propound questions to the budget sponsor last year.

Acting DBM Secretary Kim Robert C. De Leon

asr-002361

So although there were no pre-plenaries,

Acting DBM Secretary Kim Robert C. De Leon

asr-002362

for the Congress of the Philippines in the past budget hearings,

Acting DBM Secretary Kim Robert C. De Leon

asr-002363

all members were given the opportunity to propound questions to the budget of the Congress of the Philippines

Acting DBM Secretary Kim Robert C. De Leon

asr-002364

when the plenary deliberation came.

Acting DBM Secretary Kim Robert C. De Leon

asr-002365

So if again the request is to have a pre-plenary for the Congress of the Philippines budget for this year,

Acting DBM Secretary Kim Robert C. De Leon

asr-002366

I will most definitely, the assurance that I can give at the moment,

Acting DBM Secretary Kim Robert C. De Leon

asr-002367

is that I will submit it to the wisdom of the house leadership.

Rep. Tobias "Toby" M. Tiangco

asr-002368

If that's the case,

Rep. Tobias "Toby" M. Tiangco

asr-002369

we can just ask in the plenary,

Rep. Tobias "Toby" M. Tiangco

asr-002370

why did we allow them to pass through the pre-plenary

Rep. Tobias "Toby" M. Tiangco

asr-002371

and then we don't allow ourselves to pass through the plenary?

Rep. Tobias "Toby" M. Tiangco

asr-002372

That's possible, right?

Rep. Tobias "Toby" M. Tiangco

asr-002373

If that's your answer,

Rep. Tobias "Toby" M. Tiangco

asr-002374

because last year, the house didn't pass through the pre-plenary

Rep. Tobias "Toby" M. Tiangco

asr-002375

and then all the questions were answered in the plenary,

Rep. Tobias "Toby" M. Tiangco

asr-002376

then why did we allow all the departments to pass through and then we didn't?

Rep. Tobias "Toby" M. Tiangco

asr-002377

What's the difference?

Rep. Mikaela Angela B. Suansing

asr-002378

Madam Chair, point of order.

Rep. Mikaela Angela B. Suansing

asr-002379

Go ahead, before I respond.

Rep. Mikaela Angela B. Suansing

asr-002380

Yes, Representative Albano.

Rep. Antonio "Tonypet" T. Albano

asr-002381

My good friend, Tobi Tiangco,

Rep. Antonio "Tonypet" T. Albano

asr-002382

is talking about our pre-plenary actions

Rep. Antonio "Tonypet" T. Albano

asr-002383

that we can take up amongst ourselves

Rep. Antonio "Tonypet" T. Albano

asr-002384

and not waste time with a lot of members

Rep. Antonio "Tonypet" T. Albano

asr-002385

who are ready to talk and debate issues regarding the DBCC.

Rep. Antonio "Tonypet" T. Albano

asr-002386

With respect to my good friend, Tobi Tiangco,

Rep. Antonio "Tonypet" T. Albano

asr-002387

the list is so long that I don't even know if I can ask questions primarily

Rep. Antonio "Tonypet" T. Albano

asr-002388

on the national and local concerns later on with our friends,

Rep. Antonio "Tonypet" T. Albano

asr-002389

who have prepared this.

Rep. Antonio "Tonypet" T. Albano

asr-002390

And this has been an ongoing practice to have the DBCC.

Rep. Antonio "Tonypet" T. Albano

asr-002391

So if this is a concern, my point of order, Madam Chair,

Rep. Antonio "Tonypet" T. Albano

asr-002392

if this is concern about scheduling,

Rep. Antonio "Tonypet" T. Albano

asr-002393

maybe we can take this up with the permission of Congressman Tobi,

Rep. Antonio "Tonypet" T. Albano

asr-002394

with the leadership and not waste the time of members

Rep. Antonio "Tonypet" T. Albano

asr-002395

and also our guests here in plenary.

Rep. Antonio "Tonypet" T. Albano

asr-002396

If that is okay, that is a point of order that I'd like to make.

Rep. Tobias "Toby" M. Tiangco

asr-002397

Okay, if it's a point of order, I will explain

Rep. Tobias "Toby" M. Tiangco

asr-002398

and I would like the Chair to rule.

Rep. Tobias "Toby" M. Tiangco

asr-002399

If it's a point of order, I will not feel.

Rep. Tobias "Toby" M. Tiangco

asr-002400

I'm just saying, earlier, it was said that 11 trillion were submitted.

Rep. Tobias "Toby" M. Tiangco

asr-002401

All the departments were dismissed.

Rep. Tobias "Toby" M. Tiangco

asr-002402

It shouldn't be reduced to my time because that is a point of order.

Rep. Tobias "Toby" M. Tiangco

asr-002403

My answer to his point of order shouldn't be reduced to my time

Rep. Tobias "Toby" M. Tiangco

asr-002404

because I didn't ask that.

Rep. Tobias "Toby" M. Tiangco

asr-002405

Okay, earlier, it was said that 11 trillion were submitted.

Rep. Tobias "Toby" M. Tiangco

asr-002406

It was dismissed to 7 trillion.

Rep. Tobias "Toby" M. Tiangco

asr-002407

So that is why we are submitting each department.

Rep. Tobias "Toby" M. Tiangco

asr-002408

They will say how they spent the money,

Rep. Tobias "Toby" M. Tiangco

asr-002409

whether this is good for the people of the country.

Rep. Tobias "Toby" M. Tiangco

asr-002410

That is what is being done in the pre-plenary.

Rep. Tobias "Toby" M. Tiangco

asr-002411

So how are we going to ask here in the plenary

Rep. Tobias "Toby" M. Tiangco

asr-002412

if there is no presentation like that?

Rep. Tobias "Toby" M. Tiangco

asr-002413

What, are we going to guess how much was spent?

Rep. Tobias "Toby" M. Tiangco

asr-002414

Anyway, I would like to request the Chair to rule on the point of order.

Rep. Tobias "Toby" M. Tiangco

asr-002415

If you think I'm out of order, then just say so.

Deputy Speaker Janette L. Garin

asr-002416

Madam Chair, if I may be allowed.

Rep. Mikaela Angela B. Suansing

asr-002417

Before I rule on the point of order,

Rep. Mikaela Angela B. Suansing

asr-002418

I would first like to recognize Deputy Speaker Janette Garin.

Deputy Speaker Janette L. Garin

asr-002419

Very quickly, Madam Chair.

Deputy Speaker Janette L. Garin

asr-002420

This is the first day of our pre-plenary budget deliberations.

Deputy Speaker Janette L. Garin

asr-002421

And I believe the Honorable Tiangco, whom we fully respect, has his point.

Deputy Speaker Janette L. Garin

asr-002422

The Honorable Chair and the Honorable Albano also have their own points.

Deputy Speaker Janette L. Garin

asr-002423

May I recommend, Madam Chair,

Deputy Speaker Janette L. Garin

asr-002424

that instead of ruling on matters that will create animosity,

Deputy Speaker Janette L. Garin

asr-002425

may I be allowed, Madam Chair, to propose the following.

Deputy Speaker Janette L. Garin

asr-002426

The concern of the Honorable Tiangco be referred to the Committee on Appropriations

Deputy Speaker Janette L. Garin

asr-002427

and be deliberated as soon as possible.

Deputy Speaker Janette L. Garin

asr-002428

And second, Madam Chair, if the Honorable Tiangco will allow

Deputy Speaker Janette L. Garin

asr-002429

that we now proceed with the deliberation of the DBCC,

Deputy Speaker Janette L. Garin

asr-002430

notwithstanding the fact that there are unanswered questions

Deputy Speaker Janette L. Garin

asr-002431

that the Committee on Appropriations are very much willing to answer,

Deputy Speaker Janette L. Garin

asr-002432

regardless of the decision of the leadership or whatever,

Deputy Speaker Janette L. Garin

asr-002433

because it's the Committee that will respond.

Deputy Speaker Janette L. Garin

asr-002434

So, Madam Chair, if I may, again, to reiterate,

Deputy Speaker Janette L. Garin

asr-002435

let's not debate that because it's a waste of time.

Deputy Speaker Janette L. Garin

asr-002436

We acknowledge the Honorable Tiangco.

Deputy Speaker Janette L. Garin

asr-002437

We also acknowledge the point of the Honorable Chairwoman

Deputy Speaker Janette L. Garin

asr-002438

and the Honorable Albano, one of our party leaders.

Deputy Speaker Janette L. Garin

asr-002439

But at the same time, I believe we have to move forward.

Deputy Speaker Janette L. Garin

asr-002440

So, if the Honorable Tiangco is amenable, may I propose that his proposal

Deputy Speaker Janette L. Garin

asr-002441

be discussed by the Committee on Appropriations as soon as possible.

Deputy Speaker Janette L. Garin

asr-002442

But for the meantime, we all be allowed to proceed

Deputy Speaker Janette L. Garin

asr-002443

with the pre-plenary hearings of the DBCC.

Deputy Speaker Janette L. Garin

asr-002444

Madam Chair, if I may reiterate.

Deputy Speaker Janette L. Garin

asr-002445

With the indulgence of Representative Tiangco,

Deputy Speaker Janette L. Garin

asr-002446

I would first like to recognize Representative Tony Albano.

Rep. Antonio "Tonypet" T. Albano

asr-002447

Yes, Madam Chair, the point of order stays,

Rep. Antonio "Tonypet" T. Albano

asr-002448

and it's a long-standing tradition that the point of order has to be taken first.

Rep. Antonio "Tonypet" T. Albano

asr-002449

But I believe Representative Tiangco has still that floor and time,

Rep. Antonio "Tonypet" T. Albano

asr-002450

if he wants to use his two minutes or five minutes of his time

Rep. Antonio "Tonypet" T. Albano

asr-002451

to ask any relevant questions while the DBCC's and our guests are here.

Rep. Antonio "Tonypet" T. Albano

asr-002452

But if it's outside of that, I would really like to insist

Rep. Antonio "Tonypet" T. Albano

asr-002453

if not, I'm asking permission for my good friend Toby Tiangco to please.

Rep. Antonio "Tonypet" T. Albano

asr-002454

You know, everyone's stressed already.

Rep. Antonio "Tonypet" T. Albano

asr-002455

Everyone's trying to do a good job.

Rep. Antonio "Tonypet" T. Albano

asr-002456

We're trying to help our country and our economy move up.

Rep. Antonio "Tonypet" T. Albano

asr-002457

These are the relevant questions that we have prepared ourselves to ask our guests.

Rep. Antonio "Tonypet" T. Albano

asr-002458

And if it's not relevant to the context of what we are discussing right now,

Rep. Antonio "Tonypet" T. Albano

asr-002459

then you have to rule in favor of the motions of the point of order,

Rep. Antonio "Tonypet" T. Albano

asr-002460

that this is not exactly the forum for discussion.

Rep. Antonio "Tonypet" T. Albano

asr-002461

This is for the cause of the good friend from Navotas, Congressman Tiangco.

Rep. Antonio "Tonypet" T. Albano

asr-002462

And then we can take it up right away, if he wants,

Rep. Antonio "Tonypet" T. Albano

asr-002463

with the leadership, with the Speaker and the Majority Floor Leader and the Chairperson.

Rep. Antonio "Tonypet" T. Albano

asr-002464

Madam Chair.

Rep. Mikaela Angela B. Suansing

asr-002465

Thank you, Representative Albano.

Rep. Mikaela Angela B. Suansing

asr-002466

If our honorable colleague, Representative Tiangco, would be amenable to it,

Rep. Mikaela Angela B. Suansing

asr-002467

rather than ruling on the point of order,

Rep. Mikaela Angela B. Suansing

asr-002468

as proposed by Deputy Speaker Garin,

Rep. Mikaela Angela B. Suansing

asr-002469

this is a matter that we can take up within the Executive Committee of the Committee on Appropriations.

Rep. Mikaela Angela B. Suansing

asr-002470

So again, rather than take it up here during the DBCC,

Rep. Mikaela Angela B. Suansing

asr-002471

as I assured earlier, I give my assurance that I will raise this to the House leadership for deliberation and decision.

Rep. Mikaela Angela B. Suansing

asr-002472

And we will get back to you as soon as possible on the matter.

Rep. Mikaela Angela B. Suansing

asr-002473

Madam Chair.

Rep. Mikaela Angela B. Suansing

asr-002474

Yes.

Rep. Mikaela Angela B. Suansing

asr-002475

Yes.

Rep. Mikaela Angela B. Suansing

asr-002476

Yes, Representative Ariza.

Rep. Mikaela Angela B. Suansing

asr-002477

Yes.

Rep. Edgar R. Erice

asr-002478

Ang suggestion ko lang po, hindi lang po

Rep. Edgar R. Erice

asr-002479

dapat siguro after deliberating with the Executive Committee, we should uh

Rep. Edgar R. Erice

asr-002480

deliberate it in the plenary. Kasi po ang question diyan yyung equitability

Rep. Edgar R. Erice

asr-002481

nung nung resources ng house whether all uh all representatives are ano we meron

Rep. Edgar R. Erice

asr-002482

pong kanya-kanyang ah pakinabang at yung

Rep. Edgar R. Erice

asr-002483

Baka naman po, kailangan po talaga equitable, hindi ko naman po sinasabing equal, equitable yung distribution ng resources.

Rep. Edgar R. Erice

asr-002484

So, hindi lang po ito concerned ng committee, concerned po ng buong plenaryo. Salamat po.

Rep. Mikaela Angela B. Suansing

asr-002485

Thank you, Representative Erice. Again, we acknowledge the point of the Honorable Erice and the Honorable Tiangco.

Rep. Mikaela Angela B. Suansing

asr-002486

And again, may I request for your kind indulgence to please give us time to raise it to the House leadership and also for the Committee on Appropriations to make the appropriate action on the matter.

Rep. Mikaela Angela B. Suansing

asr-002487

Again, with the kind indulgence of Representative Tiangco and Representative Erice.

Rep. Tobias "Toby" M. Tiangco

asr-002488

Madam Chair, the reason I brought it up today is para magkaroon ng time mag-prepare yung house.

Rep. Tobias "Toby" M. Tiangco

asr-002489

Anyway, please rule on the point of order of the Deputy.

Deputy Speaker Janette L. Garin

asr-002490

Madam Chair, may I request for a few minutes of suspension?

Deputy Speaker Janette L. Garin

asr-002491

May I request for a few minutes of suspension?

Rep. Mikaela Angela B. Suansing

asr-002492

Briefing is suspended.

Rep. Mikaela Angela B. Suansing

asr-002500

Briefing is resumed.

Rep. Antonio "Tonypet" T. Albano

asr-002501

Thank you, Madam Chair. May I be recognized?

Rep. Mikaela Angela B. Suansing

asr-002502

Yes, Representative Albano.

Rep. Antonio "Tonypet" T. Albano

asr-002503

In the fairness so that we can move on, this is only a briefing anyway, I'd like to rediscover my motion of point of order so that we can move on and ask questions that are relevant for our society and for our district and for the national interest.

Rep. Antonio "Tonypet" T. Albano

asr-002504

Thank you, Madam Chair.

Rep. Mikaela Angela B. Suansing

asr-002505

Thank you very much, Representative Albano.

Rep. Mikaela Angela B. Suansing

asr-002506

no with the point of order being withdrawn may we now request the honorable tiangco to please proceed

Rep. Mikaela Angela B. Suansing

asr-002507

with other questions um that you have for our agencies uh present here today thank you very

Rep. Tobias "Toby" M. Tiangco

asr-002508

Ito madam chair. Last year kaya ko kailangan ulitin to. Last year ko po to tinanong. Um nung third reading and I even wrote you um regarding this

Rep. Tobias "Toby" M. Tiangco

asr-002509

no um malaki po yung kontrobersya sa

Rep. Tobias "Toby" M. Tiangco

asr-002510

year nung nag-third reading, I requested

Rep. Tobias "Toby" M. Tiangco

asr-002511

yung NEP ng DPH. I am requesting again na sa net pa lang i-post po natin sa ating website yung budgets per district

Rep. Tobias "Toby" M. Tiangco

asr-002512

para makita ng lahat yung mga budget ng DPH per district at yung budget ng DPW per party list at saan po ito napunta.

Rep. Tobias "Toby" M. Tiangco

asr-002513

Sasabihin ulit hindi po ito kasama sa DBCC eh. Pero last kailan pa ako magkakaroon ng opportunity? Last year tinanong ko yan nung third reading. Sumulat ako hanggang ngayon walang sagot

Rep. Tobias "Toby" M. Tiangco

asr-002514

for the 2026. So palampasin na natin 'yung 2026. 2027. Bakit hindi po natin

Rep. Tobias "Toby" M. Tiangco

asr-002515

kung talagang gusto natin ng transparency, bakit hindi natin ipakita

Rep. Tobias "Toby" M. Tiangco

asr-002516

magkano ang budget per district?

Rep. Tobias "Toby" M. Tiangco

asr-002517

magkano ang budget per district? Magkano

Rep. Tobias "Toby" M. Tiangco

asr-002518

ang budget per party list? At saan po

Rep. Tobias "Toby" M. Tiangco

asr-002519

ito napunta?

Rep. Tobias "Toby" M. Tiangco

asr-002520

what is contained in the NEP? Um in the

Rep. Tobias "Toby" M. Tiangco

asr-002521

NEP itself um if you would look at the

Rep. Tobias "Toby" M. Tiangco

asr-002522

budget of DPWH meron na rin naman pong mga totals doon per DEO. So there's um

Rep. Tobias "Toby" M. Tiangco

asr-002523

there's a regional total there's also a total per district engineering offices.

Rep. Tobias "Toby" M. Tiangco

asr-002524

So th uh those information are actually

Rep. Tobias "Toby" M. Tiangco

asr-002525

already contained in the NEP itself and later on when the [unclear] is filed. Hindi

Rep. Tobias "Toby" M. Tiangco

asr-002526

po hindi po kayang i-total yun ng ordinaryong mamamayan madam chair. 772

Rep. Tobias "Toby" M. Tiangco

asr-002527

pages yun hindi mahahanap yun. Why don't we make it easy for them na ipakita okay

Rep. Tobias "Toby" M. Tiangco

asr-002528

simula sa distrito na 'to ito total budget ito mga proyekto. Ito total

Rep. Tobias "Toby" M. Tiangco

asr-002529

budget ito. Tsaka doon can you tell me papaano po hahanapin doun yung pinopost

Rep. Tobias "Toby" M. Tiangco

asr-002530

ng party list? How will we know sinong

Rep. Tobias "Toby" M. Tiangco

asr-002531

party list ang proponent doun sa budget na yon kung hindi po natin ilalabas?

Rep. Tobias "Toby" M. Tiangco

asr-002532

Representative Tiangco again um in the

Rep. Tobias "Toby" M. Tiangco

asr-002533

there are no proponents for the project. So like if you would look at the the H

Rep. Tobias "Toby" M. Tiangco

asr-002534

gab um and the and the NEP you would see that there are totals per um district

Rep. Tobias "Toby" M. Tiangco

asr-002535

engineering offices. So there is actually no way to us to be able to create a summary of what are proposed by

Rep. Tobias "Toby" M. Tiangco

asr-002536

um party list members as opposed to

Rep. Tobias "Toby" M. Tiangco

asr-002537

district representatives because there are no such thing as Meron po yan madam

Rep. Tobias "Toby" M. Tiangco

asr-002538

[unclear]

Rep. Tobias "Toby" M. Tiangco

asr-002539

hawag hindi naman tayo pinanganak ha. But again, the information that is being

Rep. Tobias "Toby" M. Tiangco

asr-002540

asked for which would be the summary of the budget per district engineering office, per

Rep. Tobias "Toby" M. Tiangco

asr-002541

regional office, um they're all contained there in the NEP within the DPWH budget itself. Um makikita niyo po

Rep. Tobias "Toby" M. Tiangco

asr-002542

yun, um naka-separate out po yan sa NEP. Um within the DPWH budget you already

Rep. Tobias "Toby" M. Tiangco

asr-002543

have the totals per district engineering office and in the annexes you have there the line items in terms of the project. So lahat po ng impormasyon na iyon nandun na po yun sa NEP at sa [unclear]. Madam

Rep. Tobias "Toby" M. Tiangco

asr-002544

chair nakasulat po yun sa NEP pero hindi po naka-total per district. Kaka-check ko lang po. Anyway, 'yun lang po hinihingi ko. So,

Rep. Tobias "Toby" M. Tiangco

asr-002545

um, pwede bang Okay, pwede bang kasi yung yung DPW budget is 772 pages. So,

Rep. Mikaela Angela B. Suansing

asr-002546

kung hahanapin po yan ng mga kababayan natin, mahihirapan po sila. Hindi ba pupwedeng padaliin natin ihiwalay lang natin yung mga proyekto per district. Yun lang po ang [unclear] ko. Pwede po ba?

Rep. Mikaela Angela B. Suansing

asr-002547

committee on appropriations defensive committee of operations just méeng화를han Trulyen

Rep. Mikaela Angela B. Suansing

asr-002548

the expert on the matter the vice

Rep. Mikaela Angela B. Suansing

asr-002549

chairperson of the committee on appropriations defending the budget of

Rep. Mikaela Angela B. Suansing

asr-002550

the department of public works and

Rep. Mikaela Angela B. Suansing

asr-002551

highway. Representative Romeo Momo to respond to the query of the honorable

Rep. Romeo S. Momo Sr.

asr-002552

Chanco. Yes. Um madam chair, thank you. Ah ang totoo lang in every DO mayon tayong

Rep. Romeo S. Momo Sr.

asr-002553

total budget and then meron ding naka-line na mga projects no. So ang

Rep. Romeo S. Momo Sr.

asr-002554

ibig sabihin siguro ni uh ni Honorable Chanco is yung mga mga

Rep. Romeo S. Momo Sr.

asr-002555

nakaline nakalagay ng mga project ang

Rep. Romeo S. Momo Sr.

asr-002556

ipatcale natin ano i-post natin. At ah iyung projects na iyun madaling hanapin

Rep. Romeo S. Momo Sr.

asr-002557

sa mga DEOS no ah DEOS natin in fact sa mga mga

Rep. Romeo S. Momo Sr.

asr-002558

accounts ng mga DEOS yung mga ano yun yung Facebook account sa mga DEOS ah

Rep. Romeo S. Momo Sr.

asr-002559

nandoon naka-post yung ating mga yung ating mga projects.

Rep. Romeo S. Momo Sr.

asr-002560

Madam chair hindi po para sa atin yun para sa kababayan natin para madali

Rep. Romeo S. Momo Sr.

asr-002561

nilang makita. Hindi po para sa akin

Rep. Romeo S. Momo Sr.

asr-002562

dahil ako tayo pag hiningi natin sa DO

Rep. Romeo S. Momo Sr.

asr-002563

ibibigay. Pero may mga projects po na nasa NCR, nasa region. Hindi po siya

Rep. Romeo S. Momo Sr.

asr-002564

naka-total per district pero dapat 'yun pasok doun sa district. So ang hinihingi

Rep. Romeo S. Momo Sr.

asr-002565

ko lang po is pagsamahin, simplehan para makita ng kababayan natin ano po yung

Rep. Romeo S. Momo Sr.

asr-002566

budgets per district. 'Yun lang po. Well, I think Madam Chair yung yung

Rep. Romeo S. Momo Sr.

asr-002567

pina-post naman din ng mga regional offices at saka region is not for us uh congressmen but it is for the for

Rep. Romeo S. Momo Sr.

asr-002568

everyone especially doon sa constituents

Rep. Romeo S. Momo Sr.

asr-002569

natin doon sa ating mga distrito madam chair madaling ma-access po iyon

Rep. Romeo S. Momo Sr.

asr-002570

sa lahat ng mga DEOS meron silang ah mga publications actually madam chair very quick clarification

Deputy Speaker Janette L. Garin

asr-002570-split-2

Madam chair, very quick clarification with the question of Conong Chang.

Rep. Mikaela Angela B. Suansing

asr-002571

Yes. Um given that the time of the honorable Tianko is up

Rep. Mikaela Angela B. Suansing

asr-002572

yes I would now like to recognize deputy speaker Janet

Rep. Mikaela Angela B. Suansing

asr-002573

Deputy Speaker Janette Garin.

Rep. Mikaela Angela B. Suansing

asr-002574

Clarification para lang pong malinaw

Deputy Speaker Janette L. Garin

asr-002575

hindi po kasi magkapareho ang DPWH

Deputy Speaker Janette L. Garin

asr-002576

hindi po kasi magkapareho ang DPWH District Engineering Office vis-a-vis sa

Deputy Speaker Janette L. Garin

asr-002577

Congressional District Office. And sometimes it's a misnomer kasi iyung

Deputy Speaker Janette L. Garin

asr-002578

ibang congressional district akala mo halos walang budget but actually hindi

Deputy Speaker Janette L. Garin

asr-002579

kapareho nung district engineering office and iyung congressional district office. So if I may, Madam Chair, may we

Deputy Speaker Janette L. Garin

asr-002580

request for purposes of answering the honorable Changko that he be instead

Deputy Speaker Janette L. Garin

asr-002581

furnished a total allocation on a regional basis that will be more reflective of equitable distribution if

Rep. Tobias "Toby" M. Tiangco

asr-002582

Madam chair, since the honorable Garina replied to my manifestation, can I be given a chance to reply?

Rep. Mikaela Angela B. Suansing

asr-002583

Yeah, go ahead. Um Representative Tiangco. Um

Rep. Mikaela Angela B. Suansing

asr-002584

we'll give you uh with the indulgence of the other house members who are listed for interpellation uh may we give the

Rep. Mikaela Angela B. Suansing

asr-002585

honorable Tiangco time to manifest. Would that be amendable? Okay. With the concurrence of the other house members,

Rep. Mikaela Angela B. Suansing

asr-002586

Honorable Tiangco go ahead po.

Rep. Tobias "Toby" M. Tiangco

asr-002586-split-2

Madam chair, the only reason I will manifest is because there was a reply.

Rep. Tobias "Toby" M. Tiangco

asr-002587

No, otherwise I would have been finished. No, yun lang nga po. It's exactly the reason why. Kasi nga iba po

Rep. Tobias "Toby" M. Tiangco

asr-002588

yung district engineering office, iba po yung congressional district. Kaya nga

Rep. Tobias "Toby" M. Tiangco

asr-002589

ang sinasabi ko palabasin kung ano yung budget per congressional district. Kasi

Rep. Tobias "Toby" M. Tiangco

asr-002590

nga po yung per district engineering office does not mean na yun po yung budget sa distrito na iyon. So yun yung

Rep. Tobias "Toby" M. Tiangco

asr-002591

sinasabi po ni Congresswoman Garin, yan po ang precise reason na gusto ko

Rep. Mikaela Angela B. Suansing

asr-002592

Thank you representative Tiangco. Thank you representative Garin. We will again relate this matter for DPWH. Madam chair.

Rep. Mikaela Angela B. Suansing

asr-002593

Yes representative. Very brief interjection. Importante lang po. I think the DBCC can answer that question

Rep. Mikaela Angela B. Suansing

asr-002594

kasi dumadaan lahat ng budget

Rep. Edgar R. Erice

asr-002594-split-2

binabawasan nga nila yung allocation. For example,

Rep. Edgar R. Erice

asr-002595

for DPWH may mga regional, national, district allocations. So ano pong basis ng DBCC? Anong

Rep. Edgar R. Erice

asr-002596

parameters in determining ano yung mga proyekto na importante in terms of need, in terms of population,

Rep. Edgar R. Erice

asr-002597

in terms of land area. Ano po ba ang basis nitong mga allocations na ito per

Rep. Edgar R. Erice

asr-002598

basis nitong mga allocations na ito per district, per region ah at iyung mga national projects? Meron po kayong parameters na meron po kayong parameters diyan?

Rep. Mikaela Angela B. Suansing

asr-002599

parameters niyan? Okay, we'll allow Secretary Kim to respond very quickly and then we'll move to

Rep. Mikaela Angela B. Suansing

asr-002600

our next interpellator from the majority. Go ahead.

Acting DBM Secretary Kim Robert C. De Leon

asr-002600-split-2

Sec. Kim. Madam Chair, Your Honor, as to

Acting DBM Secretary Kim Robert C. De Leon

asr-002601

the evaluation,

Acting DBM Secretary Kim Robert C. De Leon

asr-002602

metric use, number one po, as per our evaluation, ang natanggap po natin ng mga proposal mula sa DPWH

Acting DBM Secretary Kim Robert C. De Leon

asr-002603

ay naka-arrange according to the implementing unit, which are district engineering offices. So ito po

Acting DBM Secretary Kim Robert C. De Leon

asr-002604

yung ating ginamit sa pag-evaluate, gayon din po sa paglagay po at pag-rekomenda ng amount na

Acting DBM Secretary Kim Robert C. De Leon

asr-002605

napunta po sa National Expenditure Program. As to the requisite formula, number one po, we

Acting DBM Secretary Kim Robert C. De Leon

asr-002606

will defer to DPWH on a more detailed or specific formula dahil po sa level po ng DBM, pangunahin po sa aming

Acting DBM Secretary Kim Robert C. De Leon

asr-002607

naging evaluation yung implementation readiness ng bawat isang proposal, completeness po ng mga

Acting DBM Secretary Kim Robert C. De Leon

asr-002608

dokumento na magpuprueba na the projects submitted and part of the NEP are implementation ready at

Acting DBM Secretary Kim Robert C. De Leon

asr-002609

kumpleto po yung mga dokumento mula sa project profile, program of works, gayon din po sa mga

Acting DBM Secretary Kim Robert C. De Leon

asr-002610

geotagging dahil dito po nakabatay yung ating layunin na masiguro na maiwasan o mawala po yung posibilidad na

Acting DBM Secretary Kim Robert C. De Leon

asr-002611

maging mga ghost projects muli po yung mga proyektong nakasaad po sa NEP. So ito po yung naging pangunahin na metric

Acting DBM Secretary Kim Robert C. De Leon

asr-002612

na ginamit po ng DBM in evaluating the public works proposal submitted by the DPWH.

Rep. Mikaela Angela B. Suansing

asr-002613

Thank you. Sekim, we'll now move to our next interpolator. From the Majority,

Rep. Mikaela Angela B. Suansing

asr-002614

Representative Salvador Pleyto.

Rep. Salvador A. Pleyto

asr-002615

Thank you, Madam Chair, to our dear colleagues and our esteemed guests from DVCC and their staff. Magandang hapon na po sa inyong lahat.

Rep. Salvador A. Pleyto

asr-002616

Madam Chair, alam naman natin na I am from Bulacan. I was happy to hear President Bongbong Marcos in his last sona that the partial operations of the North-South Commuter Realty

Rep. Salvador A. Pleyto

asr-002617

I was happy to hear President Bongbong Marcos in his last sona that the partial operations of the North-South Commuter Realty

Rep. Salvador A. Pleyto

asr-002618

system will begin last quarter of 2027. Ulitin ko po, last quarter of 2027.

Rep. Salvador A. Pleyto

asr-002619

This partial operation will cover West Valenzuela City to Malolo City or 25 kilometers sa 7 stations na manggagaling po ng Valenzuela papuntang Malolos.

Rep. Salvador A. Pleyto

asr-002620

To achieve this partial operation, how much funding did DOTR request for this segment of NACR for 2027?

Rep. Salvador A. Pleyto

asr-002621

and how much was allotted in the National Expenditure Program.

Rep. Salvador A. Pleyto

asr-002622

I really hope, Madam Chair, the Secretary of DBM, you match the President's desire

Rep. Salvador A. Pleyto

asr-002623

of relay of the partial operation of the north-south commuter system in Bulacan

Rep. Salvador A. Pleyto

asr-002624

with appropriate funding and timely release of the budget.

Rep. Salvador A. Pleyto

asr-002625

And the President also said that the other segment, the one from Malolos to Clark,

Rep. Salvador A. Pleyto

asr-002626

will be operational by 2028.

Rep. Salvador A. Pleyto

asr-002627

How much did the DOTR request for this segment also?

Rep. Salvador A. Pleyto

asr-002628

And how much is really allocated to NEP?

Rep. Salvador A. Pleyto

asr-002629

I know, Madam Chair, that during the time of Secretary Bautista,

Rep. Salvador A. Pleyto

asr-002630

during the time of Secretary Bautista,

Rep. Salvador A. Pleyto

asr-002631

[unclear]

Rep. Salvador A. Pleyto

asr-002632

[unclear]

Rep. Salvador A. Pleyto

asr-002633

[unclear]

Rep. Salvador A. Pleyto

asr-002634

under Secretary Cesar Chavez, we have already discussed this.

Rep. Salvador A. Pleyto

asr-002635

So, I hope that the promise of our President and I hope that the entire Bulacan

Rep. Salvador A. Pleyto

asr-002636

and the entire Region 3, up to Pampanga, will be heard.

Rep. Salvador A. Pleyto

asr-002637

Thank you.

Rep. Salvador A. Pleyto

asr-002638

I would like to address this question to our Secretary of the Budget.

Rep. Salvador A. Pleyto

asr-002639

Secretary De Leon, please.

Acting DBM Secretary Kim Robert C. De Leon

asr-002640

Madam Chair, Your Honor,

Acting DBM Secretary Kim Robert C. De Leon

asr-002641

following the pronouncement of our President, Ferdinand,

Acting DBM Secretary Kim Robert C. De Leon

asr-002642

and our Marcos, Jr.,

Acting DBM Secretary Kim Robert C. De Leon

asr-002643

to ensure the partial operability of the North-South Commuter Railway,

Acting DBM Secretary Kim Robert C. De Leon

asr-002644

particularly the Northern Segment.

Acting DBM Secretary Kim Robert C. De Leon

asr-002645

As a matter of fact, this project has the highest increase

Acting DBM Secretary Kim Robert C. De Leon

asr-002646

if we compare it to the 2026 GAA level up to the 2027 NEP level.

Acting DBM Secretary Kim Robert C. De Leon

asr-002647

So, for the information of our Honorable Pleyto for North-South Commuter Railway,

Acting DBM Secretary Kim Robert C. De Leon

asr-002648

this includes the North-South Commuter Railway, the Northern Segment Railway, and the Northern Segment Railway.

Acting DBM Secretary Kim Robert C. De Leon

asr-002649

This includes the North Portion and even the South Portion because these are systems.

Acting DBM Secretary Kim Robert C. De Leon

asr-002650

The total proposal for the 2027 NEP is at P123.843 billion.

Acting DBM Secretary Kim Robert C. De Leon

asr-002651

This includes P95 billion for its 2026 GAA level or about 330% increase.

Acting DBM Secretary Kim Robert C. De Leon

asr-002652

This increase is far-reaching.

Acting DBM Secretary Kim Robert C. De Leon

asr-002653

Our target is to achieve partial operability,

Acting DBM Secretary Kim Robert C. De Leon

asr-002654

northern segment kaya po kailangan po mapabilis yun pong ongoing construction work para matupad

Acting DBM Secretary Kim Robert C. De Leon

asr-002655

po yung target natin na partial operability by end of 2027.

Rep. Salvador A. Pleyto

asr-002656

Kailangan po kasi kasi kailangan talaga matapos sana ito at inaasahan po namin sa Bulacan at sa Pampanga.

Rep. Salvador A. Pleyto

asr-002657

Kailangan yung pondo nito huwag lahat na mabawasan Madam Chair at saka Secretary.

Acting DBM Secretary Kim Robert C. De Leon

asr-002658

Honorable Chair, Your Honor, bagamat hindi po available sa amin sa ngayon yung breakdown between the North and the South segment,

Acting DBM Secretary Kim Robert C. De Leon

asr-002659

in our discussions po, kung mababalikan po namin ng tama, malaking bahagi po ditong proposal is really for the Northern segment,

Acting DBM Secretary Kim Robert C. De Leon

asr-002660

alinsunod po sa pronouncement po ng ating Pangulo.

Acting DBM Secretary Kim Robert C. De Leon

asr-002661

But we'll get back to you on the exact figure, Your Honor, as to the breakdown of the 123.84 billion of the NECR system,

Acting DBM Secretary Kim Robert C. De Leon

asr-002662

broken down based on the North segment and the South segment, Your Honor.

Rep. Salvador A. Pleyto

asr-002663

Thank you, Madam Chair. Thank you, Secretary, for that response.

Rep. Salvador A. Pleyto

asr-002664

I will just take advantage, Madam Chair, nandito ang Secretary ng DepDev, Secretary Balisacan.

Rep. Salvador A. Pleyto

asr-002665

In connection to the very timely and urgent struggles of our fellow Filipinos

Rep. Salvador A. Pleyto

asr-002666

in the rising electricity rates, kaya gusto kong maitanong sa ating Secretary Balisakan,

Rep. Salvador A. Pleyto

asr-002667

kung mayroon ba tayong statistics o datos na nagpapakita kung gaano kalaking bahagi ng budget ng isang pamilya,

Rep. Salvador A. Pleyto

asr-002668

isang pamilyang Pilipino, ang napupunta sa kuryente, at lalo na sa mga mamamayan natin, mga pamilyang mababa ang kinikita.

Rep. Salvador A. Pleyto

asr-002669

At kapag tumataas ang presyo ng kuryente, ano ang nakikita nating pagbabago sa consumer behavior?

Rep. Salvador A. Pleyto

asr-002670

Binabawasan ba ng pamilya ang kanilang konsumo sa kuryente o alam naman natin, it's a basic necessity,

Rep. Salvador A. Pleyto

asr-002671

napipilitan lang silang magbawas ng gastos sa ibang pangangailangan gaya ng sa pagkain, edukasyon, healthcare, at iba pa.

Rep. Salvador A. Pleyto

asr-002672

Thank you, Madam Chair.

Rep. Mikaela Angela B. Suansing

asr-002673

Representative Pleyto

Rep. Mikaela Angela B. Suansing

asr-002674

May I clarify to which agency that question is directed?

Rep. Salvador A. Pleyto

asr-002675

Secretary Balisacan, sa DepDev, Madam.

DEPDev Secretary Arsenio M. Balisacan

asr-002676

Yes, the household spending sa kuryente is quite sensitive sa price of electricity.

DEPDev Secretary Arsenio M. Balisacan

asr-002677

The share of electricity...

DEPDev Secretary Arsenio M. Balisacan

asr-002678

The share of electricity cost, expenditures of a typical household, an average household in the Philippines is 5.3%.

DEPDev Secretary Arsenio M. Balisacan

asr-002679

5.3%.

DEPDev Secretary Arsenio M. Balisacan

asr-002680

And that represents about something like 17,057 pesos per year.

DEPDev Secretary Arsenio M. Balisacan

asr-002681

Average, you know, it's much lower for the lower income groups.

DEPDev Secretary Arsenio M. Balisacan

asr-002682

Madam Chair?

Rep. Mikaela Angela B. Suansing

asr-002683

Yes, Madam Chair.

Rep. Salvador A. Pleyto

asr-002684

Salamat po sa inyong tugon, Sekretary.

Rep. Salvador A. Pleyto

asr-002685

Isa pang tanong na lang po, para mas maunawa na rin namin dito sa Kongreso,

Rep. Salvador A. Pleyto

asr-002686

nais ko po sanang makuha ang kasagutan ng aking susunod na tanong sa Central Bank of the Philippines.

Rep. Salvador A. Pleyto

asr-002687

Nandito po sila.

Rep. Salvador A. Pleyto

asr-002688

Since the prices of our goods and services are largely dependent on the prices of electricity,

Rep. Salvador A. Pleyto

asr-002689

kasi ang mga industrial at mga mamarati,

Rep. Salvador A. Pleyto

asr-002690

mga manufacturing sectors ay gumagamit din ng electricity and geoproduction.

Rep. Salvador A. Pleyto

asr-002691

Kumbaga, interrelated po ang mga sektor na ito sa paggalaw ng kuryente sa ating bansa.

Rep. Salvador A. Pleyto

asr-002692

Habang pataas ng pataas ang kuryente, pataas din ng pataas ang presyo ng bilihin.

Rep. Salvador A. Pleyto

asr-002693

Dahil kailangan may pasa ito ng mga sektor sa nabanggit kong mga consumers.

Rep. Salvador A. Pleyto

asr-002694

At ang pagdaloy o...

Rep. Salvador A. Pleyto

asr-002695

pass-through ay nagdudulot ng pagtaas na inflation.

Rep. Salvador A. Pleyto

asr-002696

How does the Banko Sentral ng Pilipinas resolve these issues of rising inflation?

Rep. Salvador A. Pleyto

asr-002697

Thank you, Madam Chair.

Rep. Mikaela Angela B. Suansing

asr-002698

Deputy Governor, may please respond.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002699

Thank you, Madam Chair.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002700

Talaga naman hong sinusubaybayan rin namin yung mga paggalaw ng iba't ibang components noong ating Consumer Price Index.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002701

Kung saan.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002702

Kung saan yun yung nagiging batayan sa pag-compute noong ating inflation rate.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002703

Isa na ho dito yung sa electricity rates.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002704

So tinitignan ho namin yun.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002705

At tinitignan rin ho kung ito ba ay nagdudulot ng tinatawag na spillover sa iba pang mga presyo.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002706

Paggalaw ng mga iba pang presyo na binibili ng ating mga kababayan.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002707

Ito ho ay...

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002708

Closely, time team na tinitignan ho namin.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002709

Gaya ho nang sinabi namin kanina, ang inflation rate ho at ganoon rin ho yung debt-debt.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002710

Nakita ho na ito ay, ang average ho ay 5% this year.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002711

Ngunit nung huling mga dalawang buwan, ito ay 6.4%, 6.2%.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002712

Ang iba nito ho ay dulot rin rin noong sinasabi ninyong pag-akyat.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002713

Noong ating inflation, o positive na inflation sa electricity rates.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002714

So ito ho ay tinitignan namin ng mabuti.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002715

At sa aming outlook po na binigay kanina,

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002716

ang pagsusuri ho namin, maaaring mag-average ng 6.4% this year ang ating inflation rate.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002717

Kasama na ho dyan yung epekto noong pagtaas,

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002718

o yung mataas na...

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002719

presyo ng krudo sa international na merkado.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002720

At ito ho, kasama na rin dyan yung epekto ho nito sa ating gasolina at saka sa electricity.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002721

Kaya ho, medyo mataas yung nakikitang average na inflation ho itong taon na to.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002722

Salamat po.

Rep. Mikaela Angela B. Suansing

asr-002723

Thank you, Madam Chair. Thank you sa Bangko Sentral ng Pilipinas for that response.

Rep. Mikaela Angela B. Suansing

asr-002724

Maraming salamat po, Madam Chair. That's all.

Rep. Mikaela Angela B. Suansing

asr-002725

Thank you very much, Representative Pleyto.

Rep. Mikaela Angela B. Suansing

asr-002726

We'll now move to our next interpolator from the minority, the Honorable Antonio Tinio.

Rep. Antonio L. Tinio

asr-002727

Thank you, Madam Chair.

Rep. Antonio L. Tinio

asr-002728

Madam Chair, unang set ng questions tungkol sa sweldo, salary increase.

Rep. Antonio L. Tinio

asr-002729

Matindi ang crisis ngayon.

Rep. Antonio L. Tinio

asr-002730

At para sa mga, lalo na mga empleyado sa civilian, para sa kanila sa kapos ang salary increase,

Rep. Antonio L. Tinio

asr-002731

kahit in-implement ang 3rd tranche and then next year, 4th tranche.

Rep. Antonio L. Tinio

asr-002732

Kung DBM ang tatanungin, 4th tranche na next year, kailan ang susunod na round ng salary increase na maasahan?

Acting DBM Secretary Kim Robert C. De Leon

asr-002733

Madam Chair, Your Honor, bahagi po ng mandato ng DBM yung patuloy na pag-evaluate po ng ating salary schedule.

Acting DBM Secretary Kim Robert C. De Leon

asr-002734

At dito po sa... meron po tayo ngayong ikukomisyon ng ongoing na pag-aaral,

Acting DBM Secretary Kim Robert C. De Leon

asr-002735

kahit po meron pa tayo...

Acting DBM Secretary Kim Robert C. De Leon

asr-002736

yung 4th tranche na inaasahang i-implement by 2027,

Acting DBM Secretary Kim Robert C. De Leon

asr-002737

particular na nga po precisely because of the point of the Honorable Tinio,

Acting DBM Secretary Kim Robert C. De Leon

asr-002738

upang malaman po natin yung magiging susunod na schedule.

Acting DBM Secretary Kim Robert C. De Leon

asr-002739

So, dito po natin sa pag-aaral po malalaman, Madam Chair, Your Honor,

Acting DBM Secretary Kim Robert C. De Leon

asr-002740

kung ano po yung magiging timing, amount of increase, if any,

Acting DBM Secretary Kim Robert C. De Leon

asr-002741

pagkatapos po ng ating gagawin na compensation study.

Rep. Antonio L. Tinio

asr-002742

Kailan po ang study na yan?

Acting DBM Secretary Kim Robert C. De Leon

asr-002743

Meron po tayo, Your Honor, Madam Chair, na isa sa gawa na study together with the GCG early next year.

Acting DBM Secretary Kim Robert C. De Leon

asr-002744

This year, Your Honor.

Rep. Antonio L. Tinio

asr-002745

At kailan po maasahan ng result?

Acting DBM Secretary Kim Robert C. De Leon

asr-002746

We are expecting, Your Honor, a result by the second half of next year, Madam Chair, Your Honor.

Rep. Antonio L. Tinio

asr-002747

Second half of next year.

Rep. Antonio L. Tinio

asr-002748

So, mula doon, babatay kung may pag... magkakaroon ng...

Rep. Antonio L. Tinio

asr-002749

ng susunod o kailan magkakaroon, ganun ba? At kung magkano?

Acting DBM Secretary Kim Robert C. De Leon

asr-002750

Yes, Madam Chair, Your Honor.

Acting DBM Secretary Kim Robert C. De Leon

asr-002751

At sisikapin po natin na if there will be a result of the assessment,

Acting DBM Secretary Kim Robert C. De Leon

asr-002752

sisikapin po natin na ito ay makonsidera din sa magiging submission po ng budget for 2028.

Acting DBM Secretary Kim Robert C. De Leon

asr-002753

Kung magkano man po or kung kailan po yung lalabas doon sa ating pag-aaral.

Rep. Antonio L. Tinio

asr-002754

So, if ever 2028 pa. Okay.

Rep. Antonio L. Tinio

asr-002755

Punta tayo sa pera.

Rep. Antonio L. Tinio

asr-002756

So, marami na po nagsasabi.

Rep. Antonio L. Tinio

asr-002757

2009 pa po, huling natakda yung 2,000 peso sa month na pera.

Rep. Antonio L. Tinio

asr-002758

At ito ang isang posibleng pagtugon doon sa kakapusan.

Rep. Antonio L. Tinio

asr-002759

Dahil nga tumaas ang inflation, sinasabi nyo rin naman.

Rep. Antonio L. Tinio

asr-002760

May posibilidad po ba na magtaas ng pera sa 2027 budget?

Acting DBM Secretary Kim Robert C. De Leon

asr-002761

Madam Chair, Your Honor, unlike po yung sa comprehensive salary increase na talagang...

Acting DBM Secretary Kim Robert C. De Leon

asr-002762

nangailangan ng mas malalim na pag-aaral, ito pong posibilidad ng pag-increase ng pera.

Acting DBM Secretary Kim Robert C. De Leon

asr-002763

Ginagawa po ngayon ang pag-aaral ngayon na po mismo ng DBM

Acting DBM Secretary Kim Robert C. De Leon

asr-002764

upang kami po ay makapagbigay ng necessary recommendation sa ating presidente

Acting DBM Secretary Kim Robert C. De Leon

asr-002765

kung magkakaroon man po ng adjustment sa pera ay kung hanggang saan po yung ire-recommend ang increase.

Acting DBM Secretary Kim Robert C. De Leon

asr-002766

Ito pong pag-aaral tungkol sa pera, ang tinatarget po natin ay makapagkaroon po tayo ng recommendation sa ating presidente.

Acting DBM Secretary Kim Robert C. De Leon

asr-002767

Bago po matapos itong taon na ito.

Rep. Antonio L. Tinio

asr-002768

For implementation in 2027?

Acting DBM Secretary Kim Robert C. De Leon

asr-002769

Yun po ang isang target, Madam Chair, Your Honor.

Acting DBM Secretary Kim Robert C. De Leon

asr-002770

Kung magkakaroon man po ng adjustment sa pera, ito po ay ating sisikapi na ma-accommodate sa 2027

Acting DBM Secretary Kim Robert C. De Leon

asr-002771

sa ilalim po ng ating Miscellaneous Personal Benefits Fund, Madam Chair, Your Honor.

Rep. Antonio L. Tinio

asr-002772

Okay, so tututukan po natin yan. So 2027, pagtaas ng pera.

Rep. Antonio L. Tinio

asr-002773

Iba na ako, mahigpit ang oras natin. Meron po tayong ilang slides.

Rep. Antonio L. Tinio

asr-002774

Sigil muna yung time.

Rep. Antonio L. Tinio

asr-002775

Tumatakbo yung oras, Chair.

Rep. Antonio L. Tinio

asr-002776

Okay, ito na po.

Rep. Antonio L. Tinio

asr-002777

Okay, so kaugnay sa flood control, of course, yan ang nasa isip ng mamamayan.

Rep. Antonio L. Tinio

asr-002778

Especially in 2023, 2024, and 2025, talagang lumobo ng gusto ang pondo sa flood control

Rep. Antonio L. Tinio

asr-002779

at malaki ang dahilan niyan, isang malaking dahilan niyan, yung congressional insertions.

Rep. Antonio L. Tinio

asr-002780

Ngayon, sa congressional insertions, para mangyari yan, para madagdagan ng DPWH,

Rep. Antonio L. Tinio

asr-002781

kailangan may bawasan sa ibang ahensya o pondo. Tama po ba? Di ba ganun?

Acting DBM Secretary Kim Robert C. De Leon

asr-002782

Madam Chair, Your Honor.

Acting DBM Secretary Kim Robert C. De Leon

asr-002783

Susunod po sa zero-sum principle at dahil pareho po ang total ng budget. Tama po.

Rep. Antonio L. Tinio

asr-002784

Okay, now, next slide.

Rep. Antonio L. Tinio

asr-002785

Meron tayong napansin na pattern at sabihin ko pa nga, modus, ng padding under the neb.

Rep. Antonio L. Tinio

asr-002786

Padding of certain items.

Rep. Antonio L. Tinio

asr-002787

Ito yung over the years, palaging malaki sa NEP, tapos pagdating sa GAA, lumiliit na significantly.

Rep. Antonio L. Tinio

asr-002788

At sa tingin natin, ito yung...

Rep. Antonio L. Tinio

asr-002789

Ito yung pinanggagalingan, o ito yung, this is what enables massive insertions.

Rep. Antonio L. Tinio

asr-002790

So, ano po ito?

Rep. Antonio L. Tinio

asr-002791

Isa dyan, yung mga foreign assisted projects sa DOTR at saka sa DPWH.

Rep. Antonio L. Tinio

asr-002792

I will not detail it too much, pero nakikita nyo, yung padding or buffer na sinasabi dyan,

Rep. Antonio L. Tinio

asr-002793

umaabot sa for 2026, for example.

Rep. Antonio L. Tinio

asr-002794

Nag-propose kayo sa NEP under DOTR ng foreign assisted, 135 billion.

Rep. Antonio L. Tinio

asr-002795

Sa GAA, naging 64 billion na lang ito.

Rep. Antonio L. Tinio

asr-002796

And you can work back by mas malalaki pang examples ng padding dito.

Rep. Antonio L. Tinio

asr-002797

Next slide.

Rep. Antonio L. Tinio

asr-002798

Isa pang ginagamit for padding, for insertions, ay miscellaneous personnel benefits fund and pension and gratuity fund.

Rep. Antonio L. Tinio

asr-002799

Ang pattern over the years, napakalaki.

Rep. Antonio L. Tinio

asr-002800

Nang sinasabmit nyo sa NEP, tapos pagdating sa GAA, napaka significantly less.

Rep. Antonio L. Tinio

asr-002801

And ngayon, ang tanong po ay notable ngayon sa DOTR, napakalaki po nang sinabit nyong additional budget.

Rep. Antonio L. Tinio

asr-002802

From 84 billion to something like almost 300 billion.

Rep. Antonio L. Tinio

asr-002803

At malaki doon ay foreign assisted.

Rep. Antonio L. Tinio

asr-002804

So, ang tanong ko, mauulit na naman.

Rep. Antonio L. Tinio

asr-002805

Ano naman ba ito?

Rep. Antonio L. Tinio

asr-002806

Ang laki sa simula, nung proposal nyo, tapos sa dulo, maliit na yan, at ginamit na yung fiscal space for insertions.

Acting DBM Secretary Kim Robert C. De Leon

asr-002807

Madam Chair, Your Honor, on the part of the DBM, we most respectfully submit na yun pong amounts that we propose in the NEP

Acting DBM Secretary Kim Robert C. De Leon

asr-002808

ay naaayon po doon sa aming evaluated requirement para po sa mga foreign assisted projects na ito.

Acting DBM Secretary Kim Robert C. De Leon

asr-002809

So, in fact, ngayon po hawak ko yung detalye, mas mababa pa po yung aming proposed level sa NEP kung ikukumpara po sa actual agency proposal.

Acting DBM Secretary Kim Robert C. De Leon

asr-002810

As to the point, Madam Chair, Your Honor, na kung bakit po ito ay eventually nababawasan, we most respectfully submit.

Acting DBM Secretary Kim Robert C. De Leon

asr-002811

In fact, Your Honor, ito po yung reason, one of the reasons kung bakit din po nadidelay yung implementation ng ating mga foreign assisted projects.

Acting DBM Secretary Kim Robert C. De Leon

asr-002812

Dahil po on the part of the executive, yun pong aming submitted.

Acting DBM Secretary Kim Robert C. De Leon

asr-002813

At yung foreign assisted level po talaga yung sa tingin naming kinakailangan para masiguro pong on track and on time yung implementation ng ating iba't ibang mga foreign assisted projects.

Rep. Antonio L. Tinio

asr-002814

Well, anyway, ang punto, nakatutok po tayo sa mga pondong yan at tignan natin kung ano mangyayari sa dulo.

Rep. Antonio L. Tinio

asr-002815

Ang tanong ko po, magkakaroon na naman po ba ng massive insertion sa budget na ito?

Acting DBM Secretary Kim Robert C. De Leon

asr-002816

Madam Chair, Your Honor, in as much as we have already submitted the NEP, sa amin po ay nasa kongreso na po ang kapalaran po ng National Expenditure Program.

Rep. Antonio L. Tinio

asr-002817

So, hindi kayo magsasubmit ng IRATA?

Acting DBM Secretary Kim Robert C. De Leon

asr-002818

As far as the DBM is concerned, Your Honor, wala po kami ngayong pinag-uusap.

Rep. Antonio L. Tinio

asr-002819

Okay, next slide.

Rep. Antonio L. Tinio

asr-002820

Next slide.

Rep. Antonio L. Tinio

asr-002821

Kaugnay sa flood control.

Rep. Antonio L. Tinio

asr-002822

Ang isang kapansin-pansin po ay binalik po ang flood control ngayon.

Rep. Antonio L. Tinio

asr-002823

Ang isang napansin po natin dito sa listahan ng DBM ay, next slide,

Rep. Antonio L. Tinio

asr-002824

out of 197 district engineering offices, kung flood control lang, 113 lang po na DEO ang merong flood control projects.

Rep. Antonio L. Tinio

asr-002825

At ngayon, bakit ganun?

Rep. Antonio L. Tinio

asr-002826

Sabi na, baka wala, hindi kayo isubmit.

Rep. Antonio L. Tinio

asr-002827

Kailangan ng ibang distrito yung flood control projects.

Rep. Antonio L. Tinio

asr-002828

But, isang kapansin-pansin po, the whole of Region 11, meaning the Davao region, wala po ni isang flood control projects, blanco po.

Rep. Antonio L. Tinio

asr-002829

If you can go back to the previous, ayan, o, kita niyo may blanco dun sa Region 11.

Rep. Antonio L. Tinio

asr-002830

Nagtataka kami.

Rep. Antonio L. Tinio

asr-002831

Kasi binabaha naman sa Davao, alam natin, pero wala.

Rep. Antonio L. Tinio

asr-002832

Okay. Bakit po ganun?

Acting DBM Secretary Kim Robert C. De Leon

asr-002833

Madam Chair, Your Honor, ang naging assessment at evaluation po ng DBM ay nakabatay po doon sa proposal na ipinadala ng DPWH.

Acting DBM Secretary Kim Robert C. De Leon

asr-002834

So, on our part po, Madam Chair, Your Honor, kung wala pong proposal na ipinadala from DPWH, ay wala rin po kaming i-evaluate.

Acting DBM Secretary Kim Robert C. De Leon

asr-002835

So, probably on this question, Madam Chair, Your Honor, we can also defer later on to DPWH

Acting DBM Secretary Kim Robert C. De Leon

asr-002836

para mabigyan po ng mas malinaw na paliwanag kung,

Acting DBM Secretary Kim Robert C. De Leon

asr-002837

bakit hindi po, kung meron pong gaps na ganito po na na-observe.

Rep. Antonio L. Tinio

asr-002838

Okay. Well, nagtataka po tayo, no, dahil hindi lang naman Davao region, pero ito buong region.

Rep. Antonio L. Tinio

asr-002839

No, sabi ko nga, there are 47 regions in total, DEOs, in total na zero.

Rep. Antonio L. Tinio

asr-002840

So, ang point ko, eh, malamang magsasubmit pa yan, di ba, at magkakaroon ng irata.

Rep. Antonio L. Tinio

asr-002841

So, sabi nyo kanina, walang irata as far as you're concerned.

Rep. Antonio L. Tinio

asr-002842

We shall see.

Rep. Antonio L. Tinio

asr-002843

Okay. In other words, ang pangamba natin dito ay magkakaroon na naman ng insertions

Rep. Antonio L. Tinio

asr-002844

at yung sinasabing yung reforms na may vetting and so on and so forth, ay hindi mangyayari pagkaganon.

Rep. Antonio L. Tinio

asr-002845

Now, another question, yung sinabi ni Secretary Bonoan na may leadership fund.

Rep. Antonio L. Tinio

asr-002846

Meron po ba ang leadership fund dito sa budget na ito?

Acting DBM Secretary Kim Robert C. De Leon

asr-002847

Wala po, Madam Chair, Your Honor.

Rep. Antonio L. Tinio

asr-002848

Wala po.

Rep. Antonio L. Tinio

asr-002849

Wala po. Okay. Balik po sa kaninang slide.

Rep. Antonio L. Tinio

asr-002850

Bakit po sa DPWH budget, flood control lang ito, merong nakalodge sa central office na as much as 40, is that 49 billion pesos?

Rep. Antonio L. Tinio

asr-002851

Tapos, sabi nyo kanina, yung mga nasa central office, yung hindi pa ma-allocate to the regions at the time of budget preparation.

Rep. Antonio L. Tinio

asr-002852

However, that's not true because as you can see, yung nasa central office, ay nakadistribute din sa regions.

Rep. Antonio L. Tinio

asr-002853

Bakit ganyan ang budget nyo? Merong nasa regions, tapos merong nasa central office, pero may region din.

Rep. Mikaela Angela B. Suansing

asr-002854

To the Honorable Tinio, may we request that to be the last question.

Rep. Antonio L. Tinio

asr-002855

Okay. Sige po.

Rep. Mikaela Angela B. Suansing

asr-002856

So, we'll request Secretary Kim de Leon to respond and then we'll move to the next interpellator.

Acting DBM Secretary Kim Robert C. De Leon

asr-002857

Madam Chair, Your Honor, isa pong malaking bahagi.

Acting DBM Secretary Kim Robert C. De Leon

asr-002858

Ang mga proyektong na kailalim po sa central office ay itong ating mga foreign-assisted projects.

Acting DBM Secretary Kim Robert C. De Leon

asr-002859

By default po, Madam Chair, Your Honor, hindi lang po sa DPWH, gayon din po sa iba pang mga ahensya, kapag po foreign-assisted project, ito po ay nakatag under sa respective central offices.

Acting DBM Secretary Kim Robert C. De Leon

asr-002860

So, yung balansi po nito, ito po ay mga proyekto na isinumiti po ng DPWH and they properly tag it po sa central office based on their respective assessments.

Rep. Antonio L. Tinio

asr-002861

I can assure you, these are not...

Rep. Antonio L. Tinio

asr-002862

These are not foreign-assisted projects. Walang pinag-iba yan.

Rep. Antonio L. Tinio

asr-002863

Mga tig-150, tig-80 million na flood control projects, walang pinag-iba sa mga project ng distrito.

Rep. Antonio L. Tinio

asr-002864

So, I will... Ako, ang sasabihin ko, yan yung leadership fund na nasa central office.

Rep. Antonio L. Tinio

asr-002865

Okay. Yamang ganun, ang punto ko po rito ay binalik ang flood control, pero dating gawi pa rin.

Rep. Antonio L. Tinio

asr-002866

No? Nandyan pa rin yung mga iniintay, nakaabang.

Rep. Antonio L. Tinio

asr-002867

Para sa insertions at merong allocation na tinawag ni Bonoan na leadership fund.

Rep. Antonio L. Tinio

asr-002868

So, ang huling punto ko na lang po, Madam Chair, ay malinaw para sa kinatawang ito na walang anumang substantial na pagbabago sa proseso ng pagpondo, pag-identify pagpondo ng flood control projects.

Rep. Antonio L. Tinio

asr-002869

Therefore, dapat hindi pa ito ibalik sa kasalukuyang budget.

Rep. Antonio L. Tinio

asr-002870

Tip na flood control, dapat ilagay sa classrooms.

Rep. Antonio L. Tinio

asr-002871

No?

Rep. Antonio L. Tinio

asr-002872

My very last slide, Madam Chair.

Rep. Antonio L. Tinio

asr-002873

Ang target na sa inyong budget, ang target na ipatay yun yung classroom for this year is, for next year, 2027, is 700.

Rep. Antonio L. Tinio

asr-002874

So, nagbalik kayo ng mahigit 100 billion in flood control.

Rep. Antonio L. Tinio

asr-002875

Samantala, ang target...

Rep. Antonio L. Tinio

asr-002876

Ayan, no?

Rep. Antonio L. Tinio

asr-002877

Nakalagay mismo.

Rep. Antonio L. Tinio

asr-002878

The target na classrooms na gusto niyong ipatayo para sa taong ito ay 700 lamang.

Rep. Mikaela Angela B. Suansing

asr-002879

Thank you, Representative Tinio.

Rep. Antonio L. Tinio

asr-002880

So, ang punto po, sa halip na flood control, ilagay ang pondo sa classroom dahil 160,000 ang shortage ng classrooms, Madam Chair.

Rep. Mikaela Angela B. Suansing

asr-002881

Thank you, Representative Tinio.

Rep. Antonio L. Tinio

asr-002882

160,000.

Rep. Antonio L. Tinio

asr-002883

That would be the last question for this round.

Rep. Mikaela Angela B. Suansing

asr-002884

A response from...

Rep. Mikaela Angela B. Suansing

asr-002885

Can you explain?

Rep. Mikaela Angela B. Suansing

asr-002886

A response lang po, Madam Chair.

Rep. Mikaela Angela B. Suansing

asr-002887

If Secretary De Leon would like to respond shortly, like a brief response to the query of Hon. Pleyto.

Acting DBM Secretary Kim Robert C. De Leon

asr-002888

Madam Chair, Your Honor, dalawang mahalagang factor po patungkol po sa budget sa classroom.

Acting DBM Secretary Kim Robert C. De Leon

asr-002889

Una po, yun pong 2026 budget of DepEd for classroom, yung kanilang absorptive capacity.

Acting DBM Secretary Kim Robert C. De Leon

asr-002890

Ngayong second half pa lang po sila nag-uumpisang ma-implement yung kanilang nakalaang budget po para sa kanila na inaasahan pong magsispeel over.

Acting DBM Secretary Kim Robert C. De Leon

asr-002891

Hanggang 2026.

Acting DBM Secretary Kim Robert C. De Leon

asr-002892

Ang pangalawa pong mahalagang factor, Madam Chair, Your Honor, is by 2027, meron din po tayong isang package ng classroom infrastructure, school infrastructure project na tinatarget po nating ma-implement through a public-private partnership.

Acting DBM Secretary Kim Robert C. De Leon

asr-002893

So ito po ay meron po tayong target na ah ito po yung PIP 3 na may estimated project cost na 105.7 billion na labas po on top po of our general appropriations act being a public

Acting DBM Secretary Kim Robert C. De Leon

asr-002894

private partnership. Your Honor.

Rep. Antonio L. Tinio

asr-002894-split-2

Thank you, Madam Chair. Pag ah flood pag classroom hirap ma-implement pag flood control parang hindi. Yun lang po ang last comment ko, Madam Chair. Thank you.

Rep. Mikaela Angela B. Suansing

asr-002894-split-3

Again, sorry we've given you like 6 minutes 6 minutes 42 seconds over the time. So we move to the next interpellator from the majority representative Ryan Ro. Thank you, Madam Chair.

Rep. Ryan S. Recto

asr-002895

Hello. Hello. Uh, good afternoon everyone. Oh, sorry.

Rep. Ryan S. Recto

asr-002895-split-2

Thank you po, Madam, Madam Chair. Thank you. I just have a question lang po to the DBM. Yes. Um, my question has to do with underspending and bottlenecks. Uh because the context of my question is our economy has slowed down by 2.3% second quarter of 2026. And the proposal currently increases

Rep. Ryan S. Recto

asr-002896

capital outlays by 13.8% but at the same time uh we have an issue with underspending and we based on our own calculations rin here yung uh ah there were resources that were shifted from GOCCs, nilagay po sa DPWH 27.33% to be exact. So yung tanong ko lang po is what mechanisms do we have in place

Rep. Ryan S. Recto

asr-002897

to to prevent underspending because we're increasing the budget but we haven't seemed to have solved the issue yet of underspending. So Secretary Kim, if you would enlighten us, please.

Acting DBM Secretary Kim Robert C. De Leon

asr-002897-split-2

Thank you very much, Madam Chair. Your Honor. Isa po sa napakahalagang pagbabago po na isinagawa po natin and when we talk about infrastructure projects, ito pong mga proyekto na nasa 2027 NEP gaya po ng nabanggit ko kanina already underwent a scrutiny in terms of completeness of documentary requirements.

Acting DBM Secretary Kim Robert C. De Leon

asr-002898

So, ano po yung implication pag nasabi natin these projects have completed documentary requirements?

Acting DBM Secretary Kim Robert C. De Leon

asr-002899

This means that the agencies responsible, not only DPWH but all the other agencies with infrastructure projects can actually undertake early procurement.

Acting DBM Secretary Kim Robert C. De Leon

asr-002900

Because if we will observe, this is one thing that actually contributed to the delayed implementation of the infrastructure this year.

Acting DBM Secretary Kim Robert C. De Leon

asr-002901

The late procurement for the infrastructure projects, that's why nakita po natin yung effects.

Acting DBM Secretary Kim Robert C. De Leon

asr-002902

Sa economic growth for the last two quarters.

Acting DBM Secretary Kim Robert C. De Leon

asr-002903

So, with the documentary requirements for 2027 projects complete and ongoing at this early, the agencies can actually start early procurement so that once the budget is passed, hoping that these proposals will be carried by Congress as early as January, they can proceed with awarding and immediate implementation of the respective infrastructure projects, Your Honor, Madam Chair.

Rep. Ryan S. Recto

asr-002904

So, follow-up lang po, Secretary Kim.

Rep. Ryan S. Recto

asr-002905

So, that mechanism...

Rep. Ryan S. Recto

asr-002906

So, that mechanism will extend, of course, na rin to next year, no?

Rep. Ryan S. Recto

asr-002907

That will be standard operating practice na po for the coming years, sir?

Acting DBM Secretary Kim Robert C. De Leon

asr-002908

That is correct, Madam Chair, Your Honor.

Rep. Ryan S. Recto

asr-002909

Thank you, Madam Chair.

Rep. Ryan S. Recto

asr-002910

Thank you, Secretary Kim.

Rep. Ryan S. Recto

asr-002911

My next question lang po is to the DOF, Secretary Go.

Rep. Ryan S. Recto

asr-002912

Madam Chair, I notice in your figures, you projected an increase in revenue collections, quite optimistic, from 2026 to 2030.

Rep. Ryan S. Recto

asr-002913

However, given the...

Rep. Ryan S. Recto

asr-002914

In the context now of, nabanggat niyo po kanina, Mr. Secretary, yung progress bill that has around 85 billion in terms of revenue loss, kasi tatasin po natin yung threshold for personal income tax, tas magiging exempt po yung minimum corporate income tax.

Rep. Ryan S. Recto

asr-002915

But at the same time, excise taxes, you have the excise taxes will be increased, not just for sweetened beverages, but for vape products.

Rep. Ryan S. Recto

asr-002916

And among a lot of other things po, has those...

Rep. Ryan S. Recto

asr-002917

My understanding also is that currently there is...

Rep. Ryan S. Recto

asr-002918

Talks aren't even finished yet with regards to specific tax rates, like for vape, for example.

Rep. Ryan S. Recto

asr-002919

Nothing is final yet.

Rep. Ryan S. Recto

asr-002920

Have those considerations been included in the revenue collection calculations for next year at least, too, and even the year after that, Mr. Secretary?

DOF Secretary Frederick D. Go

asr-002921

Madam Chair, Your Honor.

DOF Secretary Frederick D. Go

asr-002922

The answer is we have not included the revenues from the proposed measures, revenue enhancing measures, and revenue eroding measures in progress.

DOF Secretary Frederick D. Go

asr-002923

They are not included in the projections that we have submitted.

Rep. Ryan S. Recto

asr-002924

Do we still expect collections to be...

Rep. Ryan S. Recto

asr-002925

To arrive at a good amount, given that, sir?

DOF Secretary Frederick D. Go

asr-002926

Your Honor, Madam Chair, a lot of it will depend on how the legislature finalizes the proposed numbers in the progress bill.

DOF Secretary Frederick D. Go

asr-002927

You are correct that there are essentially three measures that are revenue enhancing.

DOF Secretary Frederick D. Go

asr-002928

They affect social, environmental, and health taxes.

DOF Secretary Frederick D. Go

asr-002929

And, of course, we proposed a level of taxation, but we are very much aware that that will be subjected to intense...

DOF Secretary Frederick D. Go

asr-002930

Intense...

DOF Secretary Frederick D. Go

asr-002931

Scrutiny and intense discussions.

DOF Secretary Frederick D. Go

asr-002932

So, I think we will not be able to answer that question until after all the deliberations on progress have been made.

Rep. Ryan S. Recto

asr-002933

Thank you, Mr. Secretary.

Rep. Ryan S. Recto

asr-002934

And thank you, Madam Chair.

Rep. Ryan S. Recto

asr-002935

My next question would be to the Banko Sentral ng Pilipinas.

Rep. Ryan S. Recto

asr-002936

You've posed inflation targets from 6.4 this year to 2027.

Rep. Ryan S. Recto

asr-002937

It will go down to 4.5 and then in 2028, it will be 3.1.

Rep. Ryan S. Recto

asr-002938

Isn't that a little too optimistic?

Rep. Ryan S. Recto

asr-002939

Because DepDev mentioned earlier, we have all of these other external circumstances hindering economic growth.

Rep. Ryan S. Recto

asr-002940

You have not just our domestic risks like underspending, but you still have the unresolved crisis in the Middle East,

Rep. Ryan S. Recto

asr-002941

global trade uncertainty, and volatile global capital flows.

Rep. Ryan S. Recto

asr-002942

What is your basis for setting targets for the downward trend in inflation from 4.5 to 3?

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002943

Thank you, Madam Chair.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002944

So, what we...

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002945

Ang ibinahagi ho namin kanina dun sa ating slides na 6.4 average inflation para sa taong ito, 2026,

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002946

at 4.5% sa 2027.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002947

At 3.1% sa 2028, ito ho yung ating projections na ginawa noong huling Monetary Policy Meeting ng BSP.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002948

Ito ho ay nangyari noong mga kalagitnaan ho ng Hunyo, 2026.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002949

Ito ho ay isang forecast na ina-update namin every time na nag-meet ang Monetary Board ng BSP.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002950

[unclear]

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002951

Ang target ho natin ay nananatiling 3% average inflation plus minus 1% na tolerance range.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002952

Ngayon, hindi nagbabago yung target pero ang meron kami ay yung forecast natin.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002953

Tama kayo na ang ating forecast, pababa ho ang trend ng ating inflation.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002954

Kung ano ito, mataas yung inflation na nakikita natin dahil mas mataas siya sa 3% para sa taon na ito at sa 2027.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002955

Ngayon, ano yung aming tinitignan na pwedeng maka-apekto dito sa ating inflation rate?

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002956

Pababa ho yung ating trend dahil ang nakalagay dyan, isa na rito,

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002957

pag titignan natin kung ano yung futures prices ng oil.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002958

Ito ay mataas pero dahan-dahan bababa.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002959

So, yun ay nakakatulong dito sa downward trend na ito.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002960

Pangalawa, may mga ginagawa aksyon ng BSP na nakaka-apekto sa medium-term inflation.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002961

Ang epekto ng mga huling policy actions ng BSP, inaabot ng 2-3 taon.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002962

Ngayong taon na ito, nagtaas kami ng interest rates.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002963

Ang total of 50 basis points.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002964

Ang inaasahan ho sana namin dito ay ito ay makakapagpigil ng broader price pressures

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002965

isa-dalawang taon magmula ngayon.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002966

Kahit ho na ito yung aming forecast,

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002967

pinahayag na rin ho ng Bangko Sentral na may mga risk factors na tinitignan.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002968

Kung bakit maaaring mabagal yung pagbaba or gradual yung pagbaba ng inflation natin.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002969

Isa na ho rito yung presyo ng crudo sa international market.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002970

Pangalawa, yung pwede maging epekto ng El Nino na yung peak impact na ho ay mararanasan pa natin ng fourth quarter

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002971

until first half of 2027.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002972

So, yun ho yung mga iba sa mga risk factors na nakikita ng Central Bank na pwede maka-epekto sa inflation natin.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002973

Ito ho ay i-update namin dahil ito ho ay nangyari.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002974

Yung forecast ho ay ginawa nung hunyo pa.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002975

I-update ho ito next week ho pag nag-meet ulit ang Monetary Board ng Banko Sentral.

BSP Deputy Governor Zeno Ronald R. Abenoja

asr-002976

Thank you.

Rep. Ryan S. Recto

asr-002977

Thank you, sir.

Rep. Ryan S. Recto

asr-002978

My concern lang there was I was just wondering if the targets were a little too optimistic.

Rep. Ryan S. Recto

asr-002979

Given all of those risk factors you've mentioned.

Rep. Ryan S. Recto

asr-002980

Pero good to hear naman po na ma-update naman po yan in the coming months while Congress works on the budget naman rin po also.

Rep. Ryan S. Recto

asr-002981

Last follow-up question na lang po.

Rep. Ryan S. Recto

asr-002982

Nabanggit nyo rin po kanina sa presentation po ninyo na yung Dubai crude oil, you're targeting 70 to 90 pesos.

Rep. Ryan S. Recto

asr-002983

Tama po ba?

Rep. Ryan S. Recto

asr-002984

And then, nung April, the Philippine Institute for Development Studies,

Rep. Ryan S. Recto

asr-002985

naglabas po sila ng paper.

Rep. Ryan S. Recto

asr-002986

At the time, the Dubai crude oil price was 105 pesos.

Rep. Ryan S. Recto

asr-002987

And if this year has taught us anything, a lot of things can happen talaga.

Rep. Ryan S. Recto

asr-002988

May mga contingency plans po ba?

Rep. Ryan S. Recto

asr-002989

Because the Middle East conflict is not yet over.

Rep. Ryan S. Recto

asr-002990

So moving forward, I guess my question is to the DBCC as a whole.

Rep. Ryan S. Recto

asr-002991

Are there contingency plans in place just in case tumaas?

Rep. Ryan S. Recto

asr-002992

At nagkakagulo pa ulit sa Middle East, tapos tumaas yung presyo ng crudo?

Rep. Ryan S. Recto

asr-002993

Kasi according to the PID study which I mentioned a while ago,

Rep. Ryan S. Recto

asr-002994

70 to 90 pesos, ah, 70 to 90 dollars, kapag tumaas lang yan to 105 dollars per crude oil,

Rep. Ryan S. Recto

asr-002995

that will be 1.4 million Filipinos are in danger of going below the poverty threshold na.

Rep. Ryan S. Recto

asr-002996

So would you please enlighten the committee?

Rep. Ryan S. Recto

asr-002997

Thank you po.

Acting DBM Secretary Kim Robert C. De Leon

asr-002998

Madam Chair, Your Honor, on the budgetary side,

Acting DBM Secretary Kim Robert C. De Leon

asr-002999

yun pong mga line items that we are actually using currently to respond to the oil crisis

Acting DBM Secretary Kim Robert C. De Leon

asr-003000

are actually regular budget line items which are still present in the 2027 budget.

Acting DBM Secretary Kim Robert C. De Leon

asr-003001

So in the event that there will be a similar event by 2027,

Acting DBM Secretary Kim Robert C. De Leon

asr-003002

these line items stand ready to be mobilized to respond to the effects of the calamities,

Acting DBM Secretary Kim Robert C. De Leon

asr-003003

including targeted subsidies to the most affected areas.

Acting DBM Secretary Kim Robert C. De Leon

asr-003004

And vulnerable populations, some sort of fuel subsidy, including our farmers and fisher folks.

Acting DBM Secretary Kim Robert C. De Leon

asr-003005

So ito naman po ay kasama po sa pinagandaan natin for the 2027 budget.

Rep. Ryan S. Recto

asr-003006

Okay. Thank you so much. I believe my time is up. Pero yun na lang po. Maraming salamat.

Rep. Ryan S. Recto

asr-003007

Thank you, Madam Chair.

Rep. Mikaela Angela B. Suansing

asr-003008

All right.

Rep. Mikaela Angela B. Suansing

asr-003009

With that, we will have a break.

Rep. Mikaela Angela B. Suansing

asr-003010

We'll end.

Rep. Mikaela Angela B. Suansing

asr-003011

We'll end our morning session for now.

Rep. Mikaela Angela B. Suansing

asr-003012

So again, it is 1 p.m.

Rep. Mikaela Angela B. Suansing

asr-003013

We will suspend the briefing for now.

Rep. Mikaela Angela B. Suansing

asr-003014

And may I request everyone to please take your lunch break and let us all be at Romualdez Hall by 2 o'clock in the afternoon.

Rep. Mikaela Angela B. Suansing

asr-003015

And the first interpilator later from the minority would be Kong Eli San Fernando.

Rep. Mikaela Angela B. Suansing

asr-003016

So again, thank you so much, everyone.

Rep. Mikaela Angela B. Suansing

asr-003017

Please take your lunch.

Rep. Mikaela Angela B. Suansing

asr-003018

And we'll resume at 2 p.m.

Rep. Mikaela Angela B. Suansing

asr-003019

at Romualdez Hall.

Rep. Mikaela Angela B. Suansing

asr-003020

This briefing is suspended.

Rep. Mikaela Angela B. Suansing

asr-003021

2 p.m.

Committee Secretary

asr-003022

Reminder, may we invite our secretaries and undersecretaries and secretaries to please proceed to the social hall to partake lunch.

Committee Secretary

asr-003023

Thank you.