More than 180 public works projects and 15 unprogrammed appropriations were scrapped from the 2025 national budget as President Marcos exercised his power to veto items in the spending law.

Philippine President Ferdinand Marcos Jr. signed the 2025 budget into law on Monday, saying a planned 10% increase in government spending to a record 6.33 trillion pesos ($109.2 billion) would support economic growth and reduce poverty.

President Ferdinand Marcos Jr. on Monday signed the Philippines’ 6.3 trillion peso ($109 billion) budget for 2025 after vetoing some public works and standby funding.Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024Marcos said he used his veto powers on 194 billion pesos of allocations after a thorough review of the spending bill approved by Congress.

In his line veto message, the President explains to the Senate and House that the budget must align with the government's priorities while staying within fiscal capacity

President Ferdinand "Bongbong" R. Marcos Jr. on Monday signed into law the P6.326 trillion national budget for 2025. Marcos signed the budget in a ceremony in

President Ferdinand R. Marcos Jr. on Monday signed into law the 2025 national budget and vetoed over PHP194 billion in line items he deemed inconsistent with his administration’s priorities. In his speech,

MANILA, Philippines – After more than a week’s delay in order to “regain control” of his government’s spending program, President Ferdinand Marcos Jr on Monday, December 30, signed the P6.326 trillion national budget for 2025.

PHILIPPINE President Ferdinand Marcos Jr signed the 2025 Budget into law on Monday (Dec 30), saying a planned 10 per cent increase in government spending to a record 6.33 trillion pesos (S$143 billion) would support economic growth and reduce poverty.