Marcos Administration Proposes Record PHP 5.268 Trillion National Budget for 2023

The Marcos administration has submitted which is the first full-year budget, amounting to a record PHP 5.268 trillion (USD 94.02 billion) national budget for 2023. The proposed budget is 4.9 percent higher than this year’s budget, and amounts to 22.2 percent of Gross Domestic Product (GDP).