00:00The Marcos administration seeks a 7.2 trillion peso national budget for 2027,
00:06the president's last full year in office in the year before the 2028 elections.
00:10Department of Budget and Management Acting Secretary Kim Robert De Leon formally submits
00:15the proposed 2027 national expenditure program to President Ferdinand Marcos Jr. on Monday, August 10.
00:21The proposed budget is about 7.8% higher than the 6.67 trillion peso 2026 NEP.
00:28The 2027 budget also comes a year after the government was rocked by a flood control corruption scandal.
00:34The proposed 7.2 trillion peso budget is equivalent to 21.7% of the GDP.
00:41For 2027, the government projects 5.21 trillion pesos in revenues against 6.9 trillion pesos in spending,
00:48resulting in a projected 1.69 trillion peso deficit or 5.1% of the GDP.
00:54The 2027 NEP will be formally submitted to Congress on Tuesday, August 11.
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