Philippine President proposed a $118 billion budget. Philippine President Ferdinand Marcos Jr. proposed a 6.793 trillion peso ($118 billion) budget for 2027 to parliament, 7.4% higher than this year. The budget aims to stimulate economic growth and reduce poverty. Additional funds were allocated to education, health, social welfare, infrastructure, agriculture (for food security), and defense. Marcos expressed confidence it would boost economic growth to 6.5-8% while controlling government debt.