Malacañang on Dec. 10, 2025 is confident that the proposed P6.793 trillion national budget for 2026 will be passed on time. Speaking to reporters, Palace Press Officer Claire Castro said President Ferdinand Marcos Jr. has no plan to certify the 2026 General Appropriations Bill (GAB) as urgent. The Senate approved on third and final reading the proposed 2026 national budget, with 17 affirmative votes and no abstentions on Dec. 9. With this approval, senators and House members are set to meet from Dec. 11 to 13 to settle the differing provisions in their respective versions of the spending plan. The signing of the 2026 General Appropriations Act by the President is targeted for Dec. 29.
VIDEO BY CATHERINE VALENTE
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00:00Hi, Yusek. Regarding the General Appropriations Bill for next year's budget, will the President
00:08certify this as urgent given historically he has certified the bill as urgent?
00:14No, no. And that's for your FAQ?
00:19Because after that, they will submit the end-all copy.
00:28In other matters, Yusek, yesterday the peso hit an all-time low of 59.22 against the U.S. dollar and just this morning it touched 59.25.
00:38Analysts say this is due to a strong U.S. dollar and a weak local confidence.
00:43May we get the Palace's reaction on this and what steps is the administration considering to address the currency's continued weakness?
00:51We are working with the BSP and the Economic Team and in the next week, they will be able to give you an update.
01:01Quick follow-up. Does the administration worry that the peso's weakness will further stoke inflation, especially with the holiday season approaching?
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