PBBM approves 2026 national budget

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Transcript

00:00The Marcus Jr.'s administration sets the tone for a bagong Pilipinas with its biggest budget yet.

00:06Designed to lift lives, build futures, and fuel growth.

00:10The 2026 plan puts education, social services, and job creation at the forefront.

00:15More than just numbers, it's a vision for a stronger, more resilient nation.

00:20As our Kenneth Paschenta tells us more.

00:24With the goal of further improving the country's overall state,

00:27President Ferdinand R. Marcus Jr. has approved the proposed national budget for 2026,

00:33amounting to 6.793 trillion pesos.

00:37This proposed budget aims to strengthen education and fund key programs

00:40designed to ease the daily living condition of Filipinos.

00:43Binigandiin ni Pangulong Marcus Jr. na sisiguruhin na ang 2026 budget

00:48ay hindi lamang pang economic growth, kundi maiangat ang buhay ng bawat Pilipino

00:54at ang susunod ng mga henerasyon.

00:57Sa ilalim ng Marcus administration, mahalaga ang kapakanan ng bawat isa

01:02at ang kinabukasan ng taong bayan, tungo sa mas progresibo at maunlad na bagong Pilipinas.

01:09According to the Department of Budget and Management or DBM,

01:12the proposed 2026 budget is 7.4% higher than this year's approved 6.326 trillion pesos.

01:19It is also equivalent to 22% of the country's gross domestic product or GDP.

01:25The 2026 National Expenditure Program prioritizes social services, particularly education,

01:31in line with the chief executive's directives.

01:33The president's direct involvement in the budget process helped align agency priorities with national goals,

01:39which played a crucial role in streamlining and finalizing the fund requirements for the coming year.

01:44The NEP is grounded in the Philippine Development Plan, which focuses on three core objectives,

01:49developing and protecting the potential of every Filipino and their families,

01:53strengthening production sectors to generate more jobs,

01:56and promoting a safe and enabling environment for sustainable growth.

01:59Under the proposal, government agencies will receive 4.305 trillion pesos,

02:05while local governments will be allocated 1.350 trillion pesos.

02:09Government-owned and controlled corporations will get 188.3 billion pesos in subsidies,

02:15equity infusions, and net lending support.

02:18The president is expected to submit the National Expenditure Program to Congress

02:21within 30 days after the opening of the regular session.

02:25After submission, the House and Senate will begin budget hearings for each government agency.

02:31Kenneth Pasiente

02:32From the National TV Network

02:34For a New and Better Philippines

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Transcript

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