Marcos Cabinet approves 2027 National Expenditure Program

The Cabinet of the Marcos administration has approved the proposed 2027 National Expenditure Program (NEP), which details the suggested budget for the next fiscal year, a Palace official said Friday.

Presidential Communications Office (PCO) Acting Secretary Dave Gomez said that the Cabinet “discussed and approved” the 2027 NEP as presented by the Department of Budget and Management (DBM).

However, he refused to provide further details.

“On the total amount and other details, we do not want to pre-empt the President's budget submission to Congress,” Gomez told Malacañang reporters.

The Marcos administration’s economic managers, sitting as the Development Budget Coordination Committee (DBCC), earlier proposed a record P7.2-trillion national budget for 2027.

The DBCC, citing its review of medium-term macroeconomic assumptions for fiscal year 2026 to 2030, said the proposed spending plan next year is equivalent to 21.7% of the country's gross domestic product.

The P7.2-trillion national budget ceiling for 2027 is also 6% higher than this year's P6.793-trillion budget. —LDF, GMA News