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Marcos vows to ramp up spending
President Ferdinand R. Marcos, Jr. announced plans to significantly increase government spending in the fourth quarter to compensate for a slowdown in the third quarter, which was attributed to a corruption scandal.
The Department of Budget and Management (DBM) has allocated P1.31 trillion for disbursement between October and December to stimulate economic growth.
The Philippines' gross domestic product (GDP) growth decelerated to 4% in the third quarter, marking a four-year low and falling short of the government's annual target.
This economic slowdown was primarily caused by a corruption scandal involving public works projects, which negatively impacted government spending and confidence among consumers and investors.
The government is currently investigating allegations of collusion between public officials and private contractors to inflate project costs and approve non-existent infrastructure.
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See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
Philippine economic growth decelerated to 4.0% in the third quarter of 2025, the slowest pace in over four years and since the pandemic.
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The Philippine economy grew by 4% in the third quarter of 2025, its slowest pace since the first quarter of 2021, down from 5.5% in the previous quarter and 5.2% in the same quarter last year.
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The Department of Budget and Management (DBM) has programmed P1.31 trillion for government spending in the fourth quarter of 2025 to stimulate economic growth.
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