Philippines revises 2025 growth target to 5.5-6.5%, proposes P6.793T budget for 2026

The Philippines has revised its 2025 economic growth target to a range of 5.5 to 6.5 percent due to heightened global uncertainties.

For 2026, the Development and Budget Coordination Committee (DBCC) is proposing a national budget of P6.793 trillion, an increase of 7.4 percent from this year's budget.

The proposed budget prioritizes investments in quality education, healthcare, workforce upskilling, and continues to support infrastructure spending through the Build Better More Infrastructure Program.

Despite revised growth targets, the Philippines remains one of the fastest-growing economies in Southeast Asia, driven by robust domestic demand.

The government is focusing on strengthening the domestic economy with structural reforms like the CREATE MORE Act and PPP Code, while also addressing skills mismatch due to AI and new technologies.