Education will continue to receive the biggest share of the budget at 1.15 trillion pesos, though it is down 11.5% from 1.3 trillion pesos this year. down 11.5% from 1.3 trillion pesos this year. the 448.1 billion pesos in the current budget, while funding for agriculture was set at 261.7 billion pesos, down 13% from nearly 300 billion pesos this year. Defense spending is proposed to rise to 328.8 billion pesos from 305.5 billion pesos in the current budget, an increase of 7.6%. The government expects total disbursements of 6.9 trillion pesos in 2027, against projected revenues of 5.2 trillion pesos, resulting in a fiscal deficit of 1.7 trillion pesos to be financed through borrowing, Budget Secretary Kim Robert De Leon told a press conference.