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Palace: 2026 budget bill to be submitted for Marcos' nod before Christmas
Malacañang anticipates that the 2026 General Appropriations Bill (GAB) will be presented to President Ferdinand Marcos Jr. for his review and approval before Christmas Day.
The Senate has approved the P6.793-trillion national budget for 2026 on third and final reading.
A bicameral conference committee will convene on December 11 to 13 to reconcile differing provisions in the Senate and House versions of the bill.
The signing of the 2026 General Appropriations Act (GAA) is targeted for December 29.
President Marcos Jr. will not need to certify the bill as urgent due to its timely passage by Congress.
Congress has extended its session calendar to allow for more comprehensive discussions on the proposed national budget for 2026.
The budget process involves the executive branch preparing the National Expenditure Program (NEP), which is then submitted to the President for approval before being forwarded to Congress for deliberations and potential adjustments.
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Senate leaders are committed to passing the 2026 national budget before the year ends to avoid a reenacted budget.
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The Senate unanimously approved the proposed P6.793-trillion national budget for 2026 on its third and final reading.
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The Senate and the House of Representatives have extended their sessions until December 23 to prioritize the passage of the 2026 national budget.
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Senate President Pro Tempore Panfilo "Ping" Lacson assured transparency in the Senate's version of the 2026 national budget, approved on second reading, with all amendments reflected on a transparency portal.
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